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After Yesterday's Decline of 3.50%, Pioneer Natural Resources Offers Investors Better Value

By Amy Schwartz

Pioneer Natural Resources (NYSE:PXD) traded in a range yesterday that spanned from a low of $177.00 to a high of $182.21. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $181.67 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Pioneer Natural Resources and will alert subscribers who have PXD in their portfolio or watchlist when shares have changed trend direction.

Pioneer Natural Resources share prices have moved between a 52-week high of $199.83 and a 52-week low of $103.50 and are now trading 71% above that low price at $177.34 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%.

Keywords: rebounders pioneer natural resources

Ticker(s): PXD