TMCNet: Hansen Medical Down 5.8%, Shares Slide into the Red (HNSN)

[December 21, 2012]

Hansen Medical Down 5.8%, Shares Slide into the Red (HNSN)

Dec 21, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Hansen Medical (NASDAQ:HNSN) is one of today's worst performing low-priced stocks, down 5.8% to $2.11 on 1.3x average daily volume. Thus far today, Hansen Medical has traded 370,000 shares, vs. average volume of 291,000 shares per day. The stock has underperformed the Dow (-5.8% to the Dow's -1.3%) and underperformed the S&P 500 (-5.8% to the S&P's -1.4%) during today's trading.


Over the past year, Hansen Medical has traded in a range of $1.29 to $5.28 and is now at $2.11, 64% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 1.6%.

There is potential upside of 14.5% for shares of Hansen Medical based on a current price of $2.11 and an average consensus analyst price target of $2.42. The stock should hit resistance at its 200-day moving average (MA) of $2.22, as well as support at its 50-day MA of $2.05.

Hansen Medical, Inc. develops and manufactures medical robotics designed for positioning, manipulation and control of catheters and catheter-based technologies.

SmarTrend recommended that subscribers consider buying shares of Hansen Medical on September 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.85. Since that recommendation, shares of Hansen Medical have risen 21.1%. We continue to monitor HNSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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