Fidelity China Special (LON:FCSS) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Fidelity China Special (LON:FCSS)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 215.77 ($2.70) and traded as high as GBX 224 ($2.80). Fidelity China Special shares last traded at GBX 223 ($2.79), with a volume of 518,149 shares traded.

Fidelity China Special Stock Performance

The company has a market cap of £1.04 billion and a PE ratio of 4,391.60. The firm has a fifty day simple moving average of GBX 215.77 and a 200 day simple moving average of GBX 203.15.

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.