Fidelity China Special (LON:FCSS) Shares Pass Above 50-Day Moving Average – Time to Sell?

Fidelity China Special (LON:FCSS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

Fidelity China Special Stock Up 2.1 %

The company has a market cap of £1.06 billion and a price-to-earnings ratio of 4,460.00. The stock’s 50-day simple moving average is GBX 215.87 and its 200 day simple moving average is GBX 203.68.

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.