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Shares of Pioneer Natural Rise Above Previous 52-Week High

By James Quinn

Pioneer Natural (NYSE:PXD) traded at a new 52-week high today of $208.76. Approximately 172,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

Potential upside of 12.2% exists for Pioneer Natural, based on a current level of $208.40 and analysts' average consensus price target of $233.88. The stock should find initial support at its 50-day moving average (MA) of $142.85 and further support at its 200-day MA of $131.30.

In the past 52 weeks, Pioneer Natural share prices have been bracketed by a low of $125.46 and a high of $208.76 and are now at $208.40, 66% 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%.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The Company engages in onshore oil and gas drilling, exploration, and production in the United States.

SmarTrend recommended that subscribers consider buying shares of Pioneer Natural on April 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $182.82. Since that recommendation, shares of Pioneer Natural have risen 12.7%. We continue to monitor PXD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pioneer natural

Ticker(s): PXD