welf
Short

$PXD breaks below trendline

NYSE:PXD   PIONEER NATURAL RESOURCES COMPANY
11 0 1
NYSE:PXD            

What: Bearish pattern for $PXD

Why: Rising wedge breaks below trend line .

Fundamental: Natural resource             industry is showing signs of weakness after it's rally this year likely due to the negative outlook of the OPEC decision in late November.

Profit Target: Sell target at $146 & 5/3/17

Stop Loss: 10% above current price
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