Fidelity China Special (LON:FCSS) Stock Passes Below 200-Day Moving Average – Here’s Why

Fidelity China Special (LON:FCSS) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 307.96 and traded as low as GBX 287.50. Fidelity China Special shares last traded at GBX 288, with a volume of 517,026 shares trading hands.

Fidelity China Special Stock Performance

The stock has a market cap of £1.33 billion, a PE ratio of 2.56 and a beta of 0.79. The company’s 50-day moving average price is GBX 295.25 and its 200 day moving average price is GBX 307.96.

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.