ION Geophysical Breaks Out

Shares of ION Geophysical IO are moving higher this morning; currently, shares are higher by 3.48%, trading at $10.69. More importantly, shares have burst through the $10.41 and $10.57 resistance levels. ION Geophysical now has the ability to shoot for a gap fill up to $12.75. Momentum is on its side as well, with the 20-day, 50-day, and 200-day moving averages all tipping upward very recently. Note that ION Geophysical has 6.63% short interest. ON Geophysical Corporation is a technology-focused seismic solutions company, which provides acquisition equipment, software and planning and seismic processing services to the global energy industry.