Hansen Medical

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Hansen Medical ( HNSN) 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

Volume: 217,000

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 A123 Systems ( AONE), QuickLogic ( QUIK) and Achillion Pharmaceuticals ( ACHN), check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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