Best Fidelity Mutual Fund of 2013: Select Biotechnology Fund

The S&P 500 index closed above 1,800 for the first time. The Dow also made a new high today, indicating a very bullish stock market.

The biggest gainer today was the biotechnology sector. The Fidelity Select Biotechnology Fund (FBIOX) was up 3.15% and continues to be the best performer of 2013 with an incredible 60.05% year-to-date gain. FBIOX shows a highly bullish chart pattern, since it broke through the blue resistance line.

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