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After Yesterday's Decline of 2.67%, Pioneer Natural Offers Investors Better Value

By Amy Schwartz

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $123.58 to a high of $125.28. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $126.38 on volume of 268,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Pioneer Natural share prices have moved between a 52-week high of $178.22 and a 52-week low of $114.79 and are now trading 8% above that low price at $123.40 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Pioneer Natural. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pioneer Natural in search of a potential trend change.

Keywords: rebounders pioneer natural

Ticker(s): PXD