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SmarTrend Watching for Potential Rebound in Shares of Pioneer Natural After 3.86% Loss

By James Quinn

Pioneer Natural (NYSE:PXD) traded in a range yesterday that spanned from a low of $81.00 to a high of $84.29. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $83.50 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pioneer Natural has traded in a range of $48.62 to $159.01 and is now at $80.16, 65% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.7%.

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