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Bearish Moving Average Cross by Pioneer Natural Resources (PXD)

By Nick Russo

Pioneer Natural Resources (NYSE:PXD) shares have crossed bearishly below their 10-day moving average of $154.09 on a volume of 264K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Pioneer Natural Resources has traded in a range of $103.50 to $173.59 and is now at $153.70, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Pioneer Natural Resources and will alert subscribers who have PXD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pioneer natural resources

Ticker(s): PXD