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Bullish Moving Average Cross by Pioneer Natural Resources (PXD)

By David Diaz

Pioneer Natural Resources (NYSE:PXD) shares have crossed bullishly above their 10-day moving average of $169.94 on a volume of 328K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Pioneer Natural Resources has traded in a range of $156.83 to $234.60 and is now at $171.98, 10% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend is monitoring the recent change of momentum in Pioneer Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pioneer Natural Resources in search of a potential trend change.

Keywords: moving crosses pioneer natural resources

Ticker(s): PXD