Fidelity China Special (LON:FCSS) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Fidelity China Special (LON:FCSS)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 215.81 ($2.66) and traded as high as GBX 218 ($2.68). Fidelity China Special shares last traded at GBX 215.50 ($2.65), with a volume of 1,684,812 shares traded.

Fidelity China Special Stock Down 0.6 %

The firm has a market cap of £1.02 billion and a PE ratio of 4,285.80. The company has a 50-day simple moving average of GBX 215.81 and a two-hundred day simple moving average of GBX 203.26.

Fidelity China Special Company Profile

As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.

Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.