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Netflix Hit 52-Week High Yesterday -- Stock a Buy?

Don't you just wish you had bought Netflix, Inc. (NFLX) about twenty points ago? The question doesn't even need to be asked. But what should an investor do now? After all, shares of the online rental service hit a fresh 52-week high on Tuesday, rising all the way up to a price of $75.65 before settling down a bit to close at a very respectable $75.06.

New 52-week highs are tricky beasts. On the one hand, they signal strength, indicate the elimination of weak hands, attract momentum players, etc. On the other hand, a 52-week high might mean that the stock has ventured into overbought territory.

Continue reading Netflix Hit 52-Week High Yesterday -- Stock a Buy?

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Last updated: February 12, 2012: 06:07 PM

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