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.
To analyze the company'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:
From October until April FIO had a rough slide. However, thanks to a
well-received earnings report last month, the stock is now back above
it's key price level at $18. Looking back, you can see that $18 was not
only resistance (red), but it had also been a key support area last
summer (blue).
The Tale of the Tape: FIO has a key level at $18. A
long position could be entered at the $18 support with a stop placed
under that level. A short play could be made on a break back below $18.
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