IMAX Is Rocking -- Buy or Sell Into Strength?

Filed under: Sony Corp ADR (SNE), News Corp'B' (NWS), Media World

IMAX Corporation (IMAX) is doing pretty darn good in today's session. At the time of this writing, shares were up over 8% to $14.43, good for a new 52-week high. Headlines on Tuesday proclaimed the intention of Discovery Communications Inc. (DISCA), Sony Corporation (SNE), and IMAX to join forces for purposes of launching a 3-D television asset. I'm sure that must have intrigued not a few in the market.

In addition to that, though, I think there is a general bullish feeling forming on IMAX. I was surprised to read over at Benzinga.com that CNBC's Fast Money analyst Guy Adami highlighted the company as a potential pick for the entire decade! Now that's bullish.

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IMAX Is Rocking -- Buy or Sell Into Strength? originally appeared on BloggingStocks on Tue, 05 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

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