Fusion-IO (FIO)

[a r]

FIO trying to stay between 10 dSMA of 19.09 and 50 dSMA of 19.74.
Candle legs sticking across both MAs.

If we close below 19.09, will be looking to scoop up some 18.50s and below, and maybe even some 17s if it goes that far.

Wouldn't be surprised to see a nice breakout in the latte half of August to the plus side of $20s.



As per your news, FIO continues to grow and enter into strategic alliances. They clearly have some special talent. As long as it is managed well from the top, this could grow into a nice (LT) stock over the next few months and years.