Fidelity China Special (LON:FCSS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Fidelity China Special (LON:FCSS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 204.68 ($2.55) and traded as high as GBX 227 ($2.82). Fidelity China Special shares last traded at GBX 227 ($2.82), with a volume of 849,749 shares.

Fidelity China Special Price Performance

The company has a market capitalization of £1.07 billion and a price-to-earnings ratio of 4,499.60. The firm has a fifty day simple moving average of GBX 217.11 and a 200 day simple moving average of GBX 204.68.

Fidelity China Special (LON:FCSS) last released its quarterly earnings results on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share (EPS) for the quarter. Research analysts predict that Fidelity China Special will post 33.5074627 EPS for the current year.

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.