Bottoms in IMCL and TMY

Towards the close on Friday IMCL pushed through some major resistance of a declining trend line that began last May. With a very large short interest in this stock and the impression that a bottom is in place, IMCL could make a big move up to at least test it's 200 dma currently around $32.50. The stock does not want to trade below very strong support just under $28 which places a nice safety net below. Also, with the stock just over $30, the March and April 30 calls are interesting.

Another nice looking bottom play is in the oil exploration company TMY. Energy is a very hot sector right now with oil having put in a bottom and this volatile stock has formed what looks to me like an adam and eve double bottom. Confirmation of the pattern will not come until the stock moves above 3.86 so I would wait for a break of that level to get real excited. The stock popped Friday on good volume after they announced completion of a new well.