Trade Ideas: PXD

Caught this one late into the close. Confirmation of a mini-double bottom (the stock held above its 200-day MA throughout its correction). With energy prices on the move again there could be a nice follow on run in this stock. Nothing wrong with the fundamentals of this stock; EPS of $3.42 with a P/E of 15.40.

Pioneer Natural Resources Company operates as an oil and gas exploration, and production company. The company produces oil, natural gas liquids, and gas.


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