FIO is at an interesting set up. On its weekly chart, it pushed off of the 34 level. That level appeared to be a head-and-shoulder resistance.
If FIO begins to reflect the growth of cloud, big data and mobile traffic, and convert their offerings into profitability, FIO should breakout from its weekly head-and-shoulder pattern.
Currently I have an initial position at current levels. Will add at the 68SMA. Then wait and see how they do going into the quarterly report.
Just an FYI... until FIO begins to consistently make profits, this is a speculation play. High risk/high reward. If anyone does not like high volatility, don't play it.