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Fidelity European Trust (LON:FEV) Stock Passes Below Fifty Day Moving Average - Should You Sell?

Fidelity European Trust logo with Financial Services background

Key Points

  • Fidelity European Trust shares fell below their 50-day moving average of GBX 405.29, trading as low as GBX 392.01, indicating potential weakness in the stock's performance.
  • The company's market capitalization stands at £1.62 billion, with a PE ratio of 7.82 and a beta of 0.80, suggesting lower volatility compared to the market.
  • This investment trust primarily focuses on continental European equities, with the capability to invest up to 20% of gross assets outside the continent.
  • Five stocks to consider instead of Fidelity European Trust.

Fidelity European Trust (LON:FEV - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 405.29 ($5.39) and traded as low as GBX 392.01 ($5.21). Fidelity European Trust shares last traded at GBX 394.50 ($5.24), with a volume of 1,750,157 shares changing hands.

Fidelity European Trust Trading Up 0.6%

The stock's fifty day moving average price is GBX 405.16 and its two-hundred day moving average price is GBX 394.30. The stock has a market capitalization of £1.63 billion, a P/E ratio of 7.85 and a beta of 0.80.

About Fidelity European Trust

(Get Free Report)

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles. The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

See Also

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