Perfect Time to Take Profits in Japanese Equities

Fidelity Japan Fund (FJPNX, last change: -1.16%)

The Fidelity Japan Fund (FJPNX, last change: -1.16%) shows a bearish double top chart pattern, which decreases the likelihood of further gains. Investors have experienced a 21.26% return so far in 2013 and it makes sense to take some or all of the profits off the table at this point.

 

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

Advertisements

One thought on “Perfect Time to Take Profits in Japanese Equities

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