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Pioneer Drilling Co Breaks Below 200-Day Moving Average - Bearish for PDC

By Market News Video Staff, Friday, August 19, 4:24 PM ET
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In trading on Friday, shares of Pioneer Drilling Co (AMEX:PDC) crossed below their 200 day moving average of $11.70, changing hands as low as $11.54 per share. Pioneer Drilling Co shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of PDC shares, versus its 200 day moving average:

Pioneer Drilling Co 200 Day Moving Average Chart

Looking at the chart above, PDC's low point in its 52 week range is $5.23 per share, with $18.00 as the 52 week high point — that compares with a last trade of $11.83.

According to the ETF Finder at ETF Channel, PDC makes up 4.59% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading up by about 0.6% on the day Friday.

     See what other ETFs contain PDC »
     See what other stocks are held by PSCE »

PDC operates in the Oil & Gas Exploration & Production sector, among companies like Range Resources Corp (NYSE:RRC) which is up about 1.6% today, and Ensco plc (NYSE:ESV) trading up by about 1.1%. Below is a three month price history chart comparing the stock performance of PDC, versus RRC and ESV.

PDC,RRC,ESV Relative Performance Chart


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This Article's Word Cloud:   AMEX   According   Average   Below   Channel   Drilling   ETFs   Friday   Investment   Moving   NYSE   PSCE   Pioneer   Portfolio   about   above   allows   among   asset   average   below   bonds   chart   companies   completely   currently   designed   growth   hands   history   moving   operates   other   performance   point   portfolio   price   range   share   shares   short   stocks   terms   trading   versus   week   what   which   with   year
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