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

Fidelity China Special (LON:FCSS) passed 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 trading hands.

Fidelity China Special Price Performance

The stock has a market capitalization of £1.06 billion and a PE ratio of 4,460.00. The company’s 50 day moving average price is GBX 215.87 and its two-hundred day moving average price is GBX 203.68.

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.