Coinstar: Time To Buy or Sell?

Filed under: Netflix, Inc. (NFLX), Technical Analysis

Coinstar (CSTR) is, without a doubt, a very compelling stock to watch. I've been both bullish and bearish on the idea over the last several months. The one-year chart shows some fascinating price action. It makes one want to buy the name, but at the same time, I'm sure many investors wonder what the future will be like for the owner of the Redbox DVD-rental kiosk (i.e., how will it specifically adapt to the demand for digital delivery of movies?).



This week, TheFly mentioned that an analyst firm believes the stock will climb even higher, perhaps all the way to $80. That would represent a pretty impressive return based on where the quote is right now.

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Coinstar: Time To Buy or Sell? originally appeared on BloggingStocks on Fri, 26 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

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