IMAX had a strong day on Friday, trading up 10% to close at $8.60 after guiding earnings expectations higher for 2005. The company now sees 35-38 cents per share of profit on $145-$150 million in revenues for the 2005 year. Volume was high on Friday, with over 1.4 million shares changing hands, compared to a normal daily average of 586k shares. Though the stock is still off of its 52 week high of $11.90, the company seems to be building positive momentum and I wouldn’t be surprised to see the company smash through its 52 week high sometime over the next few months.