Fusing the Mosaic in Fusion-Io

• Posted by Greg Harmon
• on March 11th, 2014

If the cool name, Fusion-Io, $FIO, is not enough for you to buy this stock take a look at all the great technicals lining up, creating a powerful mosaic to get involved. The price broke a 14 month downtrending resistance line in late January. Since then it has consolidated in a sideways fashion, between 10.60 and 11.75. But it broke above that Tuesday. The break also took it over the 200 day Simple Moving Average (SMA) for the first time since Halloween……2012. It has a bullish and rising Relative Strength Index (RSI) and the MACD has crossed up. The 50 day SMA is crossing up through the 100 day SMA and the Bollinger bands are opening higher. A whole fusion of things going for it. I could not wait and bought some today.

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