First test failed, but no major selling volume found at $16, so I think the next test has a good chance for success. The last time IMGN broke $16 there was a fast run to $18, then the fatal offering that lead to a crushing move back to sub $12. Absent another large offering, which would really anger the shareholders, I see the potential for a new high this year, maybe over the next 1-2 months if the market holds up. Watching option VOL and volume for signs. Get ready for the 2nd test.