• Return to Headlines

After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By James Quinn

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $177.76 to a high of $180.36. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $179.85 on volume of 434,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Pioneer Natural on September 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $137.18. Since that recommendation, shares of Pioneer Natural have risen 29.7%. We continue to monitor PXD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Pioneer Natural share prices have moved between a 52-week high of $199.83 and a 52-week low of $125.46 and are now trading 43% above that low price at $179.13 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

Ticker(s): PXD