Another stock that insiders are jumping into here is Hansen Medical ( HNSN), which develops, manufactures and markets a new 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 decent strength, since shares are up 19.5% in the last three months. >>3 Pharma Stocks Under $5 Trading Higher Hansen Medical has a market cap of $141.68 million and an enterprise value $143.85 million. This stock trades at a premium valuation, with a price-to-sales of 7 and a price-to-book of 27.63. Its estimated growth rate for this year is -120%, and for next year it's pegged at 27.3%. This is not a cash-rich company, since the total cash position on its balance sheet is $21.65 million and its total debt is $29.35 million. A beneficial owner just bought 74,191 shares, or around $163,000 worth of stock, at $2.17 per share. From a technical perspective, HNSN is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending for the last month, with shares moving higher from its low of $1.99 to its recent high of $2.44 a share. During that uptrend, shares of HNSN have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of HNSN within range of triggering a major breakout trade. If you're in the bull camp on HNSN, then I would look for long-biased trades if this stock manages to break out above some key overhead resistance levels at $2.44 to $2.55 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 327,433 shares. If that breakout triggers soon, then HNSN will set up to re-test or possibly take out its next major overhead resistance levels at $2.84 to $3.29 a share. Any high-volume move above $3.29 will then put $3.75 to $4 into focus for shares of HNSN.