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Another stock that insiders are jumping into here is
Hansen Medical(HNSN), which develops, manufactures and markets a generation of medical robotics designed for accurate positioning, manipulation and stable control of catheters and catheter-based technologies. Insiders are buying this stock into some notable weakness, since shares are down by over 30% so far in 2012.
Hansen Medical has a market cap of $106.18 million and an enterprise value of $103.60. This stock trades at a premium valuation, with a price-to-sales of 5.26 and a price-to-book of 8.94. Its estimated growth rate for this year is -130%, and for next year it's pegged at 26.1%. This is barely a cash-rich company, since the total cash position on its balance sheet is $29.4 million and its total debt is $29.28 million.
A beneficial owner just
bought 155,155 shares, or about $283,000 worth of stock, at $1.80 to $1.89 per share.
From a technical perspective, HNSN is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways for the last two months, with shares moving between $2.17 on the upside and $1.64 on the downside. A move outside of that range will likely setup the next major trend for HNSN.
If you're in the bull camp on HNSN, then I would look for long-biased as long as it's trending above $1.64, and then once it manages to break out above some near-term overhead resistance levels at $2 to $2.17 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 324,240 shares. If that breakout triggers soon, the HNSN will setup to re-test or possibly take out its next major overhead resistance levels at $2.40 to $2.84 a share.
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