Bear Corner: Gold Stocks Still in Downtrend, but Oversold Rally is Overdue

The Fidelity Select Gold Fund (FSAGX, last change: -1.60%)

The Fidelity Select Gold Fund (FSAGX, last change: -1.60%) was the weakest performer in our daily survey of Fidelity mutual funds. FSAGX has made a new 52-week low today in sharp contrast to the broader stock market, which have been making steady gains so far in 2013. FSAGX has now reached oversold territory and a bounce is becoming increasingly likely in the near future.

 

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

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