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Pioneer Natural Set to Possibly Rebound After Yesterday's Selloff of 2.67%

By James Quinn

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.

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.

Over the past year, Pioneer Natural has traded in a range of $114.79 to $178.22 and is now at $123.40, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders pioneer natural

Ticker(s): PXD