Hansen Medical, Inc. ( HNSN ) was a big mover last session with its shares rising nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month's volatile price range of $1.12 to $1.25.
This developer of medical robotics for control of catheters and catheter-based technologies has seen two positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's rally can turn into more strength down the road.
Hansen Medical currently has a Zacks Rank #2 (Buy) while its Earnings ESP
Investors interested in the biomedical industry may consider better-ranked stocks like RTI Surgical Inc. ( RTIX
), Alphatec Holdings, Inc. ( ATEC
) and Edwards Lifesciences Corp. ( EW
). While RTI Surgical and Alphatec Holdings sport a Zacks Rank #1 (Strong Buy), Edwards Lifesciences carries the same rank as Hansen Medical.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHANSEN MEDICAL (HNSN): Free Stock Analysis ReportRTI SURGICAL (RTIX): Free Stock Analysis ReportALPHATEC HLDGS (ATEC): Free Stock Analysis ReportEDWARDS LIFESCI (EW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research