Pioneer Natural Powers Ahead

Pioneer Natural Resources (PXD) is one of the top gainers in the S&P 500 today. The independent energy company is up more than 5% on heavy trade following Tuesday's first-quarter earnings report. PXD opened the session with a gap higher that lifted it back up to its 2014 high. The powerful early momentum faded a bit during the first hour before a new buying wave pushed shares to new intraday highs. As we head into the final hour, PXD remains well-bid while holding above heavy resistance near the March high.

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