Pioneer Natural's most recent trend suggests a bearish bias. One trading opportunity on Pioneer Natural is a Bear Call Spread using a strike $143.00 short call and a strike $150.00 long call offers a potential 48.94% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $143.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $150.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Pioneer Natural is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Pioneer Natural is bearish.
The RSI indicator is at 59.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Pioneer Natural
Pioneer Natural Resources Co. :PXD-US: Earnings Analysis: Q4, 2015 By the Numbers
Mon, 28 Mar 2016 15:55:01 GMT
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U.S. drillers cut rigs for 14th week in a row -Baker Hughes
Thu, 24 Mar 2016 17:08:46 GMT
Reuters – U.S. energy firms this week cut oil and natural gas rigs for a 14th week in a row to the lowest level since at least 1940, data showed on Thursday, as energy firms continue to slash spending as part of the deepest energy price rout in a generation. Oil rigs alone fell 15 to 372, the lowest level since November 2009, oil services company Baker Hughes Inc said in its closely followed report.
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