Fidelity China Special (LON:FCSS) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Fidelity China Special (LON:FCSS) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 215.77 ($2.67) and traded as high as GBX 224 ($2.77). Fidelity China Special shares last traded at GBX 223 ($2.76), with a volume of 518,149 shares traded.

Fidelity China Special Stock Up 0.5 %

The company has a market cap of £1.06 billion and a PE ratio of 4,440.00. The stock has a 50-day moving average of GBX 215.84 and a 200-day moving average of GBX 203.20.

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.