Another Broad Selloff of Stocks, Bonds and Commodities; Fidelity’s High Income Funds Turn Bearish

Fidelity Capital and Income Fund (FAGIX, last change: -0.72%)

The Fidelity Capital and Income Fund (FAGIX, last change: -0.72%) is one of the highest-yielding Fidelity mutual funds with a 5.25% yield. FAGIX has been one of our favorites since the start of its uptrend last June. However, FAGIX has now moved below its 100 day moving average and entered into a downtrend. This may be a good time to take profits and wait until a new uptrend establishes itself.

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

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