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Pioneer Natural Resources Bearish Moving Average Crossover Alert (PXD)

By Shiri Gupta

Pioneer Natural Resources (NYSE:PXD) crossed under its 10-day moving average of $140.11 on a volume of 216K 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.

In the past 52 weeks, Pioneer Natural Resources share prices have been bracketed by a low of $103.50 and a high of $181.97 and are now at $139.81, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Pioneer Natural Resources on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.61. Since that recommendation, shares of Pioneer Natural Resources have risen 16.4%. 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