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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 crossed bearishly below their 10-day moving average of $162.85 on a volume of 447K 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 $173.59 and are now at $158.00, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

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 35.4%. 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