Increased merger activity and decreased fuel prices created a very strong bull market for airline stocks for most of 2013. Not surprising that the Fidelity Select Air Transportation Fund (FSAIX) has moved to the top on the FidelitySignal.com momentum ranking. The strong momentum has accelerated since early October and FSAIX has become slightly overbought. This may be a good place to take some profits off the table for the fortunate investors who have invested in this sector early.
Buy/sell signals for Fidelity funds are available at FidelitySignal.com