Sector Rotation: Biotech Sector is Gaining Momentum

Fidelity Select Biotechnology Fund (FBIOX, last change: 0.56%)

The Fidelity Select Biotechnology Fund (FBIOX, last change: 0.56%) was the top-performing Fidelity sector fund in the mixed session today. FBIOX moved sideways in the first two months of 2013 after a great return last year. The breakout to a new high is the reflection of the renewed bullish momentum for the sector.

 

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

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