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Pioneer Natural Resources (PXD) Showing Resistance Near $163.95

Nov 09, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Pioneer Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/PXD">PXD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 15, 2017 $155 covered call for a net debit in the $151.16 area. That is also the break-even stock price for the covered call. This trade will return 2.53%, or 25.68% annualized (for comparison purposes only), in 36 days. This covered call also provides 5.26% 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 $156.71 and resistance in the $163.95 range. The stock closed Nov 8, 2017's trading session at $159.57.A

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