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Down 9% in 4 Weeks, Here’s Why You Should You Buy the Dip in Pioneer Natural Resources (PXD)

Down 9% in 4 Weeks, Here's Why You Should You Buy the Dip in Pioneer Natural Resources (PXD)

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Pioneer Natural Resources (PXD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

...read full article on Zacks Investment Research

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