The Fidelity Nordic Fund is in Overbought Territory

Fidelity Nordic Fund (FNORX, last change: 2.38%)

We highlighted the Fidelity Nordic Fund (FNORX, last change: 2.38%) as the strongest-performing Fidelity international fund in previous blog posts. FNORX has returned 14.34% in the last three-months, but now it is in an overbought condition. We wouldn’t be surprised to see a correction in the next few days in the Northern European markets. Consequently, this may be a good opportunity to take gains.

 

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

 

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