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SmarTrend Watching for Potential Pullback in Shares of Pioneer Natural Resources After 2.06% Gain

By David Diaz

Pioneer Natural Resources (NYSE:PXD) traded in a range yesterday that spanned from a low of $177.11 to a high of $180.85. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $179.73 on volume of 664,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Pioneer Natural Resources share prices have moved between a 52-week high of $190.94 and a 52-week low of $103.50 and are now trading 74% above that low price at $180.37 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

SmarTrend is monitoring the recent change of momentum in Pioneer Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pioneer Natural Resources in search of a potential trend change.

Keywords: rebounders pioneer natural resources

Ticker(s): PXD