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Pioneer Natural Resources Bearish Moving Average Crossover Alert (PXD)

By Nick Russo

Pioneer Natural Resources (NYSE:PXD) shares have crossed bearishly below their 10-day moving average of $154.25 on a volume of 322K shares. This may provide short-term investors a chance 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 $127.31 to $234.60 and is now at $152.50, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Pioneer Natural Resources on January 21st, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $151.34. Since that recommendation, shares of Pioneer Natural Resources have risen 3.7%. We continue to monitor PXD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pioneer natural resources

Ticker(s): PXD