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Alias Born 03/23/2011

Sunday, June 24, 2012 10:52:28 PM

Re: None

Post# of 2444
SVNT - Savient Pharmaceticals - $0.69


FUNDAMENTALS

Institutional ownership is incredibly high. Percentage of shares held by all insider and 5% owners: 11%. Percentage of shares held by institutional & mutual fund owners: 89.72%. Percentage of float held by institutional & mutual fund owners: 98%. (That doesn't leave much for you and me!) Number of institutions holding shares: 122.



See: http://www.nasdaq.com/symbol/puls/institutional-holdings

VOLUME 11.83mil shares, up 878% compared to typical daily volume over the past 6 months.
High Volume alert! Typical daily volume is 1.21mil shares over the past 6 months.

Insider transactions: Buys outnumber sells 30 to 5 over the last 12 months.

All time high $28.42 in July 2008. All time low $0.65, June 2012.

Time frame being considered: Longer term hold.


TECHNICALS

Here's the setup.



Above: Static monthly chart. Scary how quickly they can lose value, isn't it? Glad I wasn't a buy and hold investor in this one at its peak.

Let's take a closer look at the targets.



Above: Static 8 month daily chart displays Nasdaq Stock Consultant's Rallybands(r), short and long targets, pivot points, moving average targets, etc. Note steep decline in early May. Now channeling sideways, potentially building a base.

Let's take a closer look at where resistance is with Bollinger bands, so that we know what we may anticipate.



Above: Static hourly chart displays rather typical price action. Price penetrates the outer boundary, it reverts to the mean. Now channeling sideways along EMA 20. Safe play would be to buy in on a bounce off of the lower boundary, which is what it may be setting up to do.

Now, let's look at some dynamic (self-updating) charts.



Above: Dynamic daily chart displays steep long-term downward channel. Channel support broke, and look at that decline.



Above: Dynamic Stockharts.com daily view. Chart includes an EMA envelope. RSI & MACD are not looking very promising, at this time.



Above: Stockcharts weekly. Note the price consolidation, and the steady drop in accumulation, suggesting a true bottom may be in the making. It may take time, however patience is a virtue.



Above: Dynamic Renko chart. No clear signals just yet.





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