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SmarTrend Watching for Potential Rebound in Shares of Pioneer Natural After 1.21% Loss

By Shiri Gupta

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $190.48 to a high of $194.99. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $190.69 on volume of 403,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Pioneer Natural share prices have been bracketed by a low of $125.46 and a high of $213.40 and are now at $190.99, 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

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