Fidelity China Special (LON:FCSS) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Fidelity China Special (LON:FCSS)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 215.81 ($2.64) and traded as high as GBX 218 ($2.66). Fidelity China Special shares last traded at GBX 215.50 ($2.63), with a volume of 1,684,812 shares changing hands.

Fidelity China Special Trading Down 2.1 %

The stock has a market capitalization of £1.00 billion and a PE ratio of 4,220.00. The company’s 50-day moving average is GBX 215.81 and its 200 day moving average is 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.