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Tale of the Tape

Zacks Equity Research

Fusion-IO, Inc. (FIO) Enters Overbought Territory
September 12, 2013

Trades from $3
Fusion-IO, Inc. 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.