Trading Idea - Pioneer Natural Resources Broke Resistance, What to Expect?

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Trading Idea - Pioneer Natural Resources Broke Resistance, What to Expect?

Published on Friday, 03 February 2012 08:28 Written by Christopher Lynn

New York, February 3rd (TradersHuddle.com) - Shares of Pioneer Natural Resources Company (NYSE:PXD) closed the trading session at $102.66 just above calculated resistance at $102.49 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

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

Pioneer's stock was trading in a well defined range with support at $95.09 and resistance at $102.49, given that this range was broken traders will be closely monitoring the stock

Pioneer Natural Stock To Go Ex-dividend Tomorrow (PXD) - TheStreet.com
Pioneer Natural Resources Announces Acquisition of Carmeuse Industrial Sands - Benzinga
Pioneer Natural Reaches New 52-Week High (PXD) - TheStreet.com
Oppenheimer Maintains Pioneer Natural Resources at Outperform, Raises PT from $110 to $125 - Benzinga
Sterne Agee Maintains Pioneer Natural Resources from Buy to , Raises PT to $131 - Benzinga
UPDATE: Deutsche Bank Raises Target to $108 on Pioneer Natural Resources - Benzinga
Pioneer Natural Reaches New 52-Week High (PXD) - TheStreet.com

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