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Hansen Medical(HNSN - Get Report) develops, manufactures and sells generation of medical robotics designed for accurate positioning, manipulation and stable control of catheters and catheter-based technologies. This stock is trading up 8.4% to $2.46 in recent trading.
Today's Range: $2.27-$2.54
52-week Range: $1.26-$5.28
Three-Month Average Volume: 789,380
Shares of HNSN are moving noticeably higher today after the company said it has secured a $30 million debt facility through Oxford Financial and Silicon Valley Bank. The proceeds from the financing will be used for general corporate purposes.
From a technical standpoint, HNSN is bouncing off of some previous support zones at around $2.25 here. This is an area that buyers have been jumping into the stock for the past month or so.
Market players should watch for the next buy point to trigger once HNSN can make a sustained high-volume move and close above some near-term overhead resistance at $2.50 to $2.73 (its 50-day). Look for volume on any move over $2.73 that tracks close to or above 789,380 shares.
To see more stocks under-$10 that are making notable moves higher today, including
Achillion Pharmaceuticals(ACHN), check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.