Fidelity China Special (LON:FCSS) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Fidelity China Special shares moved above their 50-day moving average in Thursday trading, with the stock reaching a high of GBX 303.49 and last trading at GBX 301.50.
• The investment trust has a market cap of about £1.40 billion and is trading at a P/E ratio of 2.70, with a beta of 0.88.
• The article highlights the fund’s focus on China’s domestic consumption growth and says it provides exposure to companies positioned to benefit from the country’s economic shift.

Fidelity China Special (LON:FCSS - )'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 293.40 and traded as high as GBX 303.49. Fidelity China Special shares last traded at GBX 301.50, with a volume of 2,767,185 shares changing hands.

Fidelity China Special Stock Performance

The stock has a market capitalization of £1.40 billion, a P/E ratio of 2.70 and a beta of 0.88. The firm has a 50-day moving average price of GBX 293.40 and a 200 day moving average price of GBX 307.37.

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.

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