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Pioneer Natural Set to Possibly Rebound After Yesterday's Selloff of 3.82%

By Shiri Gupta

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $135.25 to a high of $141.48. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $145.01 on volume of 778,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Pioneer Natural have traded between the current low of $135.25 and a high of $213.40 and are now at $140.12. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

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.

Keywords: rebounders pioneer natural

Ticker(s): PXD