Time to Reconsider Fidelity Special Values PLC After Reaching 52-Week High?

 Time to Reconsider Fidelity Special Values PLC After Reaching 52 Week High?

The stock of Fidelity Special Values PLC (LON:FSV) hit a new 52-week high and has GBX 286.58 target or 41.00% above today’s GBX 203.25 share price. The 8 months bullish chart indicates low risk for the GBX 544.35 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 286.58 price target is reached, the company will be worth GBX 223.18M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.61% or GBX 1.25 on November 11, hitting GBX 203.25. About 83,599 shares traded hands. Fidelity Special Values PLC (LON:FSV) has declined 0.24% since April 14, 2016 and is downtrending. It has underperformed by 6.38% the S&P500.

Fidelity Special Values PLC is a United Kingdom investment trust. The company has a market cap of 544.35 million GBP. The investment objective of the Company is to achieve long term capital growth from a portfolio of shares consisting primarily of United Kingdom-listed companies. It has a 10.37 P/E ratio. The Firm is engaged in the investments in larger, medium and smaller-sized companies.

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