If anyone has the speculation bug, FIO should be an interesting play. They report today after the bell. The strength in IBM and EMC may translate into a benefit for FIO.
Technically, it is sitting on its 68SMA resistance, but may want to push toward 34. The trade from 29-34 is the easy trade. A move to 34 will give it a head and shoulder. If it breaks 34, technical indicators will flash on many screens and the momentum whores will push it higher. If not, it will consolidate.
Fundamentally, the stock is pretty pricey. But this is a tremendous growth into the Solid State Device Storage, and the processing efficiency the company provides.
This trade is not for the faint of heart.
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