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Pioneer Natural Resources Bearish Moving Average Crossover Alert (PXD)

By Nick Russo

Today, shares of Pioneer Natural Resources (NYSE:PXD) have fallen below their 10-day MA of $121.12 on a volume of 539K 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.

Pioneer Natural Resources share prices have moved between a 52-week high of $202.86 and a 52-week low of $105.83 and are now trading 13% above that low price at $119.73 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

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