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Pioneer Natural Bearish Moving Average Crossover Alert (PXD)

By Nick Russo

Today, shares of Pioneer Natural (NYSE:PXD) have fallen below their 10-day MA of $125.25 on a volume of 297K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Pioneer Natural share prices have been bracketed by a low of $114.79 and a high of $189.78 and are now at $124.20, 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pioneer Natural on July 16th, 2019 by issuing a Downtrend alert when the shares were trading at $140.66. Since that call, shares of Pioneer Natural have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pioneer natural

Ticker(s): PXD