• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Pioneer Natural Resources After 1.99% Gain

By Nick Russo

Pioneer Natural Resources (NYSE:PXD) traded in a range yesterday that spanned from a low of $173.70 to a high of $175.66. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $173.03 on volume of 762,000 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 its subscribers protect gains by selling shares of Pioneer Natural Resources on April 19th, 2017 by issuing a Downtrend alert when the shares were trading at $177.57. Since that call, shares of Pioneer Natural Resources have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Pioneer Natural Resources has traded in a range of $103.50 to $199.83 and is now at $175.55, 70% above that low. 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 resources

Ticker(s): PXD