Sector momentum: housing stocks lead the market higher

FSHOX chart

We reported on December 20, 2011 that the Fidelity Select Construction & Housing fund (FSHOX, change: 0.59%) reached the number one spot of the Fidelity funds top 10 list. FSHOX continues to advance in an almost straight line, making it one of the most exciting investments of 2012. FSHOX is also approaching its 52-week high. A move above this resistance level can signal a new up leg. However, since FSHOX is becoming increasingly overbought, a pullback would not be surprising.

 

Technical analysis screens are provided by FidelitySignal.com   

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