Sector Rotation: Fidelity’s Automotive Fund is Gaining Momentum Again

Fidelity Select Automotive Fund (FSAVX, last change: 2.41%)

We reported in the blog on April 4 that the Fidelity Select Automotive Fund (FSAVX, last change: 2.41%) shows a bullish chart pattern and is likely to advance. FSAVX has gained more than 10% ever since, but pulled back with the recent market correction. In yesterday’s market session automotive stocks showed bullish momentum again. As the result, FSAVX was the best performer in the FidelitySignal.com daily survey of Fidelity funds.

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

Advertisements

One thought on “Sector Rotation: Fidelity’s Automotive Fund is Gaining Momentum Again

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s