This week's investor attention was Netflix (NFLX, Financial), which saw shares jump 14 per cent on Jan. 22 after an impressive earnings report. The streaming giant also beat the top and bottom lines and crossed the 300 million global subscriber milestone. NFLX passed briefly above an all-time high of $999 before drifting down to $953.99.

Technical signals also support momentum, such as bullish ones. Schaeffer's Investment Research points out that NFLX is close to its 52-week high, and its implied volatility (IV) is in the 6th percentile of the stock's annual range. In the past five years, such conditions have yielded a 4.7 percent one-month average return on 75 percent of such setups that emerged historically. Moving me to NF would mean a comparable move of $1,000 or so, comfortably pushing NFLX to over $1,000.

Additional levels of support are contained in the stock's technical chart. Since August, NFLX has maintained a trend of higher highs, with the equity breaking past the upper boundary of this channel, which will give it a lot of momentum. More stability to the rally is afforded by the 80-day moving average, which acted as a launch point earlier this month, as well as the + 10 percent for the year to date.

The performance of NFLX could also be bolstered by analyst sentiment. Using its consensus 12-month price target of $1,047, NFLX has an upside of 6.3 percent to its current position.

Investors focused on growth-oriented investors have an eye on Netflix, as Wall Street watches these developments.