Breakings news: on July 23,2012 Savient Pharmaceutical, Inc. (NASDAQ:SVNT) pop subsequent to a favorable Court ruling that granted both of Savient’s motions in a lawsuit brought by Tang Capital Partners and other convertible note holders. The Court found no default on SVNT’s convertible notes, nor can the plaintiff noteholders appoint a receiver, because they have no standing.
we will see what Tuesday bring must break the 50dma and close above it on Tuesday.
Lots of good DD on why buy or not to Buy SVNT -- your decision Folks.