[June 14, 2013] Hot Stock: Savient Pharmaceuticals, Shares Gain 6.7% (SVNT) Tweet Jun 14, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Savient Pharmaceuticals (NASDAQ:SVNT) is one of today's best performing penny stocks, up 6.7% to $0.84 on 1.6x average daily volume. Thus far today, Savient Pharmaceuticals has traded 1.5 million shares, vs. average volume of 932,000 shares per day. The stock has outperformed the Dow (6.7% to the Dow's -0.5%) and outperformed the S&P 500 (6.7% to the S&P's -0.4%) during today's trading. In the past 52 weeks, shares of Savient Pharmaceuticals have traded between a low of $0.48 and a high of $2.95 and are now at $0.84, which is 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.5%. Savient Pharmaceuticals Inc. develops, manufactures, and markets human health care products for niche and wider markets. The Company offers pharmaceutical products for a wide range of medical needs such as weight gain, drugs targeting the control of elevated uric acid levels in the blood, and rheumatology. Savient Pharmaceuticals has overhead space with shares priced $0.84, or 43.8% below the average consensus analyst price target of $1.50. Savient Pharmaceuticals shares should encounter resistance at the 200-day moving average (MA) of $1.18 and support at the 50-day MA of $0.69. SmarTrend is monitoring the recent change of momentum in Savient Pharmaceuticals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Savient Pharmaceuticals in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]