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PSE Crosses Below Key Moving Average Level

By Market News Video Staff, Wednesday, May 11, 11:35 AM ET
Now Playing: Learn About The 200 DMA


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In trading on Wednesday, shares of Pioneer Southwest Energy Partners L.P. (NYSE:PSE) crossed below their 200 day moving average of $29.70, changing hands as low as $29.14 per share. Pioneer Southwest Energy Partners L.P. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of PSE shares, versus its 200 day moving average:

Pioneer Southwest Energy Partners L.P. 200 Day Moving Average Chart

Looking at the chart above, PSE's low point in its 52 week range is $21.00 per share, with $35.87 as the 52 week high point — that compares with a last trade of $29.67.

PSE operates in the Oil & Gas Exploration & Production sector, among companies like Denbury Resources, Inc. (NYSE:DNR) which is off about 3.6% today, and Range Resources Corp (NYSE:RRC) trading lower by about 3.6%. Below is a three month price history chart comparing the stock performance of PSE, versus DNR and RRC.

PSE,DNR,RRC Relative Performance Chart


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