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Stocks With Rising Relative Strength: Pioneer Natural Resource

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Pioneer Natural Resource ( PXD ) had its Relative Strength ( RS ) Rating upgraded from 68 to 76 Thursday -- a welcome improvement, but still below the 80 or higher score you prefer to see.

[ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 as they begin their largest price moves. See if Pioneer Natural Resource can continue to rebound and clear that threshold.

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Pioneer Natural Resource is building a cup with handle with a 190.05 entry . See if it can break out in heavy trading.

Pioneer Natural Resource reported 149% earnings growth in its most recent report. Sales increased 48%.

The company holds the No. 7 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. Viper Energy Partners ( VNOM ), Ring Energy ( REI ) and Diamondback Energy ( FANG ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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