Bearishness Grows For Pioneer (PXD)

Shares of Pioneer Natural Resources PXD are falling today by 2.80%, currently trading $61.15, and bearish sentiment appears to be growing in the name. The stock is now struggling to hold the 50-day moving average. A move through that level could send the stock to the $48 level before encountering support. Pioneer Natural Resources’ put/call ratio has been growing as well and is nearing the higher end of its 100-day range, which signals long put volume growing. Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, South Africa and Tunisia.