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Pioneer Natural (PXD) Weekly ‘Ready to Run’

Pioneer Natural (PXD) Weekly ‘Ready to Run’

by | Jan 3, 2022 | Chart SetUps

Pioneer Natural (PXD) shares nearing a multi-week breakout above $187.25 after closing strong on Monday back above the top of monthly value. A breakout move has room to run above the prior highs and a measured target of $215. PXD is hitting our weekly ‘ready to run’ scan with MACD nearing a bull cross and momentum picking back up while firmly in a nice bull trend with the 8- and 21-EMA stacked.