Chartology: Fusion-io (FIO) Pushing Downtrend Resistance

Stock ChartsFusion-io (FIO) has been pushing up against the near term downtrend line (and 50 dma) for the past week. If it can breakout above 22, it should run to 25.50 – 26.00, which is its 8 month downtrend line and 200 dma.

On a fundamental note, Fusion-io offers big growth and sports customers like Apple (AAPL) and Facebook (FB). The company also has former Apple co-founder Steve Wozniak as its Chief Scientist.

Fusion-io (FIO) annotated daily stock chart with technical price support and resistance levels as of June 27, 2012.  Solid state memory technology. Fusion-io stock ticker FIO.

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No position in any of the securities mentioned at the time of publication.

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