Fusion-IO, Inc. (FIO) Enters Overbought Territory - Tale of the Tape
Fusion-IO, Inc. ( FIO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because FIO is now in overbought territory with an RSI value of 71.05. Furthermore, estimates for the Fusion-IO, Inc have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
FUSION-IO INC (FIO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research