The Fidelity Gold Miners Fund (symbol: FSAGX) closed down .17 points or 0.8% to $20.68.
Support is $20.60 and resistance is $20.82.
Trading below 50 and 200 day moving averages.
Been trading sideways for almost two months.
I am in at $20.52 since 4/1/14.
Currently ranked #1 in my model.
My forecast/plan/trend for gold mining stocks is to hold until ranking falls below #3 and/or I have held it for 90 days or more.
Prior I bought it on 12/3/13 at $17.31 and sold it on 3/14/14 at $23.96 for a 38.42% return.
ETF Equivalent is the Market Vectors Gold Miners (symbol: GDX).