PPR - Possible Pocket Pivot in Fusion I/O, Inc. (FIO)

Published : July 13 2011 at 12:17 ET
Recent data storage IPO, Fusion I/O, Inc. (FIO), which is taking data storage in the cloud to another level, is showing the potential for a pocket pivot buy point off the lows and up through the 10-day moving average in this current short flag formation it has formed since breaking out to new highs in late June. FIO is a volatile stock, so we would monitor this closely for a bona fide pocket pivot move, although one could enter a measured position here using the 10-dma as a guide for a stop.

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