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Pioneer Natural Resources (PXD) Trading Near $153.70 Support Level

Dec 04, 2017 ( via COMTEX) --

For a hedged play on Pioneer Natural Resources (<a href="">PXD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $155 covered call for a net debit in the $149.75 area. That is also the break-even stock price for the covered call. This trade will return 3.49%, or 27.76% annualized (for comparison purposes only), in 46 days. This covered call also provides 4.70% downside protection. The current 52-week low is $125.46 and the 52-week high is $199.83. Pioneer Natural Resources stock has been showing support around $153.70 and resistance in the $161.94 range. The stock closed Dec 1, 2017's trading session at $157.15.A

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