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Pioneer Natural Resources Bullish Moving Average Crossover Alert (PXD)

By Shiri Gupta

Pioneer Natural Resources (NYSE:PXD) crossed over its 10-day moving average of $161.31 on a volume of 291K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Pioneer Natural Resources share prices have moved between a 52-week high of $173.59 and a 52-week low of $103.50 and are now trading 57% above that low price at $162.19 per share. 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 32.5%. 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