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|(Date Report Was Created: 16-Jun-2014)|| |
|Fusion-io, Inc. (FIO)||Technology|
|Last: 11.36  (+2.08 pts, 22.41%)  Open: 11.44  High: 11.455  low: 11.34  ||Data Storage Devices|
- The Stock is in Accumulation Phase. The Accumulation Phase usually occurs when the as the market is firming up. Generally, the Market is showing signs that buyers are entering the market.
- The stock has recovered 46.2% from its recent low price of 7.77 which occurred on 2-Jun-2014. The current price is above the 50 day moving average of 8.77. Sustained move above the average could signal development of an uptrend.
- The closest support can be found at 8.52. The closest resistance can be found at 11.92. See Support/Resistance below for details.
How to trade Fusion-io, Inc.(FIO)?
- Breakout Trade: A close above the resistance level of 11.92 could trigger a buy signal. Confirmation would occur when the low of the day would be above 11.92.
- Retracement Trade: Consider buy when the price retraces around 8.52 if you are aggressive. Alternatively, a conservative buy would be around 7.92.
- Risk Management: Consider risking somewhere between 0.834(7.34%) and 1.39(12.24%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock.
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|Market Phase:? ||Accumulation|| This indicator compares long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of Fusion-io, Inc. is in the Accumulation Phase. The demand for FIO is firming up or is still firm. Generally, this indicates that the market is showing signs that buyers are entering the market.
|Short Term Trend: ||    (+7)
||The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. Fusion-io, Inc.(FIO) is currently strongly bullish.|
|3 Day Money Flow: ||  (-10)
||The money flowing for last 3 days in FIO has been strongly bearish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator.|
|| ||Relative Strength:||    (+9)
|EPS Growth(yoy):|| Unavailable   (-0)
|| ||Fundamental:||    (-1)
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If you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills.
If you buy stocks, sell stocks, or trade stocks, you may have asked your self the following question:
What does upside and downside breakout mean?
Breakout is price movement of a stock through an identified level of support or resistance. The upside or downside breakouts are traded with the presumption that the move will continue. Traders who keep an eye on the upside or downside breakout, generally, look for increase in the volume( number of shares traded ) for the breakout bar. Higher this volume, bigger and stronger the breakout. The traders will buy the stock when the price breaks above a level of resistance and sell when it breaks below support. The traders may also buy the stock when the price bounces from a support level with higher volume. Similarly, The traders may also sell the stock if the price declines from a resistance level with noticeable increase in volume.
A downside breakout is also referred to as breakdown. This is usually a bearish sign.
askStockGuru tries to identify both breakouts and breakdowns. It also checks for increasing volume.
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