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