Short
$PXD breaks below trendline
$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
What: Bearish pattern for
PXDWhy: 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.