Fidelity China Special (LON:FCSS) Share Price Passes Above 50 Day Moving Average – Here’s Why

Fidelity China Special (LON:FCSS)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 215.87 ($2.63) and traded as high as GBX 223.39 ($2.72). Fidelity China Special shares last traded at GBX 223 ($2.71), with a volume of 1,331,396 shares.

Fidelity China Special Stock Up 2.1 %

The stock has a 50-day moving average of GBX 215.87 and a 200 day moving average of GBX 203.68. The stock has a market cap of £1.06 billion and a PE ratio of 4,460.00.

About Fidelity China Special

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.