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Look for Shares of Pioneer Natural to Potentially Rebound after Yesterday's 1.21% Sell Off

By Shiri Gupta

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $190.48 to a high of $194.99. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $190.69 on volume of 403,000 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 and will alert subscribers who have PXD in their portfolio or watchlist when shares have changed trend direction.

Pioneer Natural share prices have moved between a 52-week high of $213.40 and a 52-week low of $125.46 and are now trading 52% above that low price at $190.99 per share. The 200-day and 50-day moving averages have moved 0.57% higher and 0.72% higher over the past week, respectively.

Keywords: rebounders pioneer natural

Ticker(s): PXD