IMAX: Is It Too High to Buy?

Filed under: Earnings Reports, Time Warner (TWX), Film

IMAX (IMAX) has been a wonderful stock to own. Admit it, you wish you had this one displayed on your broker's positions page (I know I do). On Friday, it closed at $21.65, not far from the new 52-week high of $21.95, which was reached during the intraday session. The one-year chart is an amazing image to behold for a couple reasons. First, there is the simple matter of the uptrend. Second, the stock already experienced a pullback before breaking through to fresh heights.

However, this brings to mind a valid concern: is the stock now a sell? Has it gone too far? You can't help but ask such questions. In fact, Theflyonthewall reported Friday that Craig-Hallum issued a downgrade on the shares. On the other hand, Theflyonthewall also mentioned some good news from Wedbush: that firm raised its rating for the theater entity.

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IMAX: Is It Too High to Buy? originally appeared on BloggingStocks on Sat, 30 Oct 2010 11:40:00 EST. Please see our terms for use of feeds.

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