Fusion-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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