Your thoughts on the stock IM.?

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I bought shares at the price 30.63 and looking to hold them to 35-36. I am bullish on this stock for a few reasons, but one of them is from one quote by author William J O'neal where he describes stocks as being springs and when the market has a correction as we just had, good stocks will go sideways, and once this compression of the market is released, the stock will have a strong uptrend. As for IM, it has not been affected my this correction and has actually been slowly increasing.
Another thing that catches my eye is how the price reacted after the gap on 2/14/14. When a stock has such a big gap, usually it has a minor correction to either its 50sma or completely fills the gap. However, stocks that go sideways immediately and then breaks to the upside are strongest.
Also the fundamentals are pretty good. Although their ROE is below industry average and they have very small profit margins, they have been increasing their revenue steadily for the past 10-12 years.
Also they have not not a stock price over 23.5 since 1999 and there has been an increase in volume once it broke that resistance level. And in the past 2 or 3 weeks, you can see the increase in volume as it continually makes higher closing prices...including today. Also Citigroup raised it from neutral to buy the day I bought share, which I thought was kind of a coincidence.