Fidelity Special Values (LON:FSV) Shares Pass Above 50 Day Moving Average of $276.19

Fidelity Special Values is a mutual fund managed by Fidelity Investments that invests in undervalued stocks from developed markets around the world. The fund's ticker symbol is LONFSV and it tracks the performance of the Dow Jones U.S. Broad Stock Market Index, which includes companies across various sectors such as technology, healthcare, consumer goods, and energy.

The 50-day moving average (MA) is a technical analysis indicator that shows the average price of an asset over the past 50 trading days. It is used to identify trends in the market and can help investors determine whether an asset is oversold or overbought.

On August 17, 2022, Fidelity Special Values shares closed at $276.19, which was above its 50-day MA of $274.83. This indicates that the fund's shares have been trading above their average price over the past 50 days, potentially signaling an uptrend in the market.

It is important to note that while technical analysis can provide valuable insights into market trends, it should not be used as the sole basis for investment decisions. It is always recommended to conduct thorough research and consider other factors such as fundamental analysis, economic conditions, and market news when making investment decisions.