The Fidelity Select Gold Fund has Reached its Resistance Line

FSAGX

The Fidelity Select Gold Fund (FSAGX, last change: 2.55%) was the top gainer Fidelity mutual fund today. FSAGX shows a technical pattern that is often referred to as bull flag with the price oscillating in a relatively narrow descending channel. Since this pattern comes after a bullish breakout, the likely resolution of the pattern will be a new breakout to the upside.

Technical analysis screens are provided by FidelitySignal.com

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