Fidelity China Special (LON:FCSS) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Fidelity China Special (LON:FCSS)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 248.44 ($3.31) and traded as high as GBX 256.50 ($3.41). Fidelity China Special shares last traded at GBX 253 ($3.37), with a volume of 499,532 shares.

Fidelity China Special Stock Performance

The company’s 50-day moving average price is GBX 248.44 and its two-hundred day moving average price is GBX 234.76. The stock has a market cap of £1.26 billion and a PE ratio of 1.26.

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.