Fusion-io, Inc. engages in the development, marketing, and sale of
storage memory platforms for enterprise data decentralization primarily
in the United States. Its integrated hardware and software platform
enables the decentralization of data from legacy architectures and
specialized hardware. The company's storage memory platform includes
ioDrive, ioFX, and ioCache products; directCache data-tiering software;
ioTurbine virtualization software; ioSphere platform management
software; and ION data accelerator software. Its products are used in
various markets, such as financial services, Internet, technology,
education, retail, manufacturing, energy, life sciences, and government.
Fusion-io, Inc. sells its solutions through its direct sales force,
original equipment manufacturers, and other channel partners. The
company was formerly known as Fusion Multisystems, Inc. and changed its
name to Fusion-io, Inc. in June 2010. Fusion-io, Inc. was founded in
2005 and is headquartered in Salt Lake City, Utah.
To analyze Fusion's stock for potential trading opportunities, please
take a look at the 1-year chart of FIO (Fusion-io, Inc.) below with my
added notations:
FIO really hasn't went much of anywhere over the last year. It's been
up, then down, then up again, and now back down. Over that period of
time though the stock has created a very common level at $22. That level
was support back in January and then again in November to December
(blue). The $22 level has also been resistance back in the summer and
here again this week. A fall from $22 should mean an eventual test of
the $18 lower level of support (teal).
The Tale of the Tape: FIO has a key level at $22.
You could short FIO if it rallies back up to the $22 level with a stop
placed above $12, or you could buy the stock if it breaks back above the
$22 resistance. A fall down to $18 would also be an opportunity to go
long on the stock.
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