Equities Show Slow, but Steady Gains; Fidelity’s Small Cap and Nordic Funds Continue Stellar Performance

Fidelity Small Cap Discovery Fund (FSCRX, last change: 0.00%)

We noted in earlier blog entries that the Fidelity Small Cap Discovery Fund (FSCRX, last change: 0.00%) has been an exceptional performer since the lows of last summer. Just in the last three months FSCRX has produced a 20.41% gain! The downside of the great performance is that FSCRX is becoming increasingly overbought. Consequently, we would not commit new funds until the next market correction. 

Fidelity Low-Priced Stock Fund (FLPSX, last change: 0.07%)

The Fidelity Low-Priced Stock Fund (FLPSX, last change: 0.07%) shows a similar bullish chart pattern.

Fidelity Nordic Fund (FNORX, last change: 1.54%)

We highlighted the Fidelity Nordic Fund (FNORX, last change: 1.54%) as Fidelity’s best international fund in the February 2 blog. FNARX has corrected ever since, but has made a new high again. This is considered a highly bullish price pattern. 

 

Buy/sell signals for Fidelity funds are available at FidelitySignal.com 

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