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5 Stocks Under $5 Moving Higher

Hansen Medical

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Hansen Medical (HNSN - Get Report) develops, manufactures and markets a generation of medical robotics designed for accurate positioning, manipulation and stable control of catheters and catheter-based technologies. This stock is trading up 10.2% to $1.72 in recent trading.

Today's Range: $1.56-$1.76

52-Week Range: $1.42-$4.46

Volume: 366,000

Three-Month Average Volume: 325,391

>>4 Stocks Rising on Unusual Volume

From a technical perspective, HNSN is bouncing strong here off some near-term support at $1.50 with above-average volume. This move has started to push HNSN back above its 50-day at $1.68, and within range of triggering a near-term breakout trade above $1.75 to $1.82.

Traders should now look for long-biased trades in HNSN as long as its trending above its 50-day moving average, and then once it sustains a move or close above $1.75 to $1.82 with volume that's near or above 325,391 shares. If that breakout triggers soon, then HNSN will have a great chance of trading back towards its 200-day moving average of $2.49. Keep in mind that there's some more resistance at $1.92 to $2.24, but if HNSN can stay above its 50-day with solid upside volume flows, then it should take those levels out.

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SYM TRADE IT LAST %CHG
LDK $0.00 0.00%
ATRS $2.63 -3.31%
CPRX $3.35 -9.21%
DNN $0.95 0.00%
HNSN $0.88 -1.29%

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