Pioneer Natural Resources (PXD) Approaches New Downside Target of $123.41

Published on Fri, 03/01/2013 - 13:40
By Mallory Stone in Pivot alerts, PXD, nyse:pxd, pioneer natural resources, pivot alerts

Pioneer Natural Resources (NYSE:PXD) has opened bearishly below the pivot of $125.73 today and has reached the first level of support at $124.61. Should the shares continue to fall, the support pivots of $123.41 and $121.09 will be of interest.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia.

Potential upside of 8.3% exists for Pioneer Natural Resources, based on a current level of $124.12 and analysts' average consensus price target of $134.37. Pioneer Natural Resources shares have support at the 50-day moving average (MA) of $116.78 and additional support at the 200-day MA of $102.94.

In the past 52 weeks, Pioneer Natural Resources share prices have been bracketed by a low of $77.41 and a high of $133.68 and are now at $124.12, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Quiksilver: The Losing Streak Continues ...

Shares of Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $2.86. This new l ...

National Fuel Gas's Shares Changing Hand...

National Fuel Gas shares are trading on heavy volume today, having risen 0.2% to $69.02 ...

Shares of EXCO Resources Fall to a New 5...

Shares of EXCO Resources (NYSE:XCO) traded at a new 52-week low today of $4.45. This n ...

Shares of National Grid Are Moving Lower...

National Grid's stock is down 1.9% to $70.40 on heavy trading volume. Approximately 55 ...

Watch for Continued Gains in Shares of U...

U.S. Steel (NYSE:X) traded today at a new 52-week high of $34.73. So far today approxi ...

Volume Spike Detected in Shares of Rovi ...

Shares of Rovi are trading today in above average volume, with the share price falling ...

Web.com Group Inc: New 52-Week Low Set T...

Web.com Group Inc (NASDAQ:WWWW) traded today at a new 52-week low of $19.36. So far to ...

Shares of Torchmark Have Fallen Below Pr...

Torchmark (NYSE:TMK) traded today at a new 52-week low of $52.05. This new low was rea ...