Yep, to great effect for Zakk Wylde style riffage!
I tend to use quite a lot of gain on my amp settings which helps and I push the tone to the max on the bass itself. While muting the string with my middle finger of my fretting hand above the pickup, I pluck the string with my forefinger while holding the note and behold! A glorious pinch harmonic. Took me a while to get the hang of it, you'll need to practice for a while to get em ringing nice and clear.
Works best on 3rd, 5th, 7th and 12th but I can make it work on every fret up to about 18.
To get ultra pronounced harmonics, bump up the treble and use some overdrive/fuzz etc.
Truckstop