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

Fidelity China Special (LON:FCSS)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 258 ($3.33) and traded as high as GBX 269.50 ($3.48). Fidelity China Special shares last traded at GBX 264 ($3.41), with a volume of 430,847 shares changing hands.

Fidelity China Special Stock Performance

The company has a 50 day moving average of GBX 258.80 and a 200 day moving average of GBX 229.77. The firm has a market cap of £1.15 billion and a P/E ratio of 1.15.

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.