Savient Pharma (SVNT) Moves Higher with Volatility; Bumps Up Against Key Resistance Point

May 25, 2012 2:16 PM EDT
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Savient Pharmaceuticals (Nasdaq: SVNT) is showing a slight increase in volatility Friday with shares ripping above certain key levels.

According to market data, Savient implied volatility is up 6 percent on the session, from Thursday's close.

Shares are nearly 8 percent better Friday and bumping up against a key level at 82 cents. The level has been a modest activity point in the past month or so.

Volume is light on the session, which may be contributing to the move.

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