Fusion-IO is best analyzed when using the 5-, 10-, and 20-day Exponential Moving Average (EMA). For instance, Fusion IO is in uptrend as long as it is above its 10-day EMA (acts as support). I don't see any useful information using traditional simple moving averages, as FIO moves too fast. I have written the majority of information on the chart, but one thing I would like to discuss and really emphasize is the interesting behavior when the 5-, 10-, and 20-day EMA converge together (circled 4 times in black on the chart). When this occurs, FIO tumbles incredibly fast! It has happened 4 times and is a perfect short/get-out cue, very profitable information! Massive amounts of money can be gained shorting the stock when the 3 EMAs converge.
The next level of support is at $14, which is not highlighted. At the time of this posting, that is a $4 drop. Even though the technicals are saying momentum is slowing down, there is a $4 gap between the next known support; it can be very dangerous trying to initiate a position at these levels. A better technique would be to wait until FIO trades above its 10-day EMA.