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SmarTrend Watching for Potential Pullback in Shares of Pioneer Natural After 1.27% Gain

By James Quinn

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $201.85 to a high of $205.85. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $204.26 on volume of 444,000 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 April 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $182.82. Since that recommendation, shares of Pioneer Natural have risen 11.1%. We continue to monitor PXD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Pioneer Natural have traded between a low of $125.46 and a high of $205.43 and are now at $205.43, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.5%.

Keywords: rebounders pioneer natural

Ticker(s): PXD