Pioneer Natural Resources Bearish Moving Average Crossover Alert (PXD)
Pioneer Natural Resources (NYSE:PXD) crossed under its 10-day moving average of $193.42 on a volume of 242K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Pioneer Natural Resources share prices have moved between a 52-week high of $227.42 and a 52-week low of $100.48 and are now trading 92% above that low price at $192.77 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 1.2%.
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