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 $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