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Pioneer Natural Resources Bearish Moving Average Crossover Alert (PXD)

By Amy Schwartz

Today, shares of Pioneer Natural Resources (NYSE:PXD) have crossed bearishly below their 10-day moving average of $173.10 on a volume of 281K 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 $199.83 and is now at $172.00, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

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