Red-hot Netflix (NFLX) stock is flashing a historically-reliable bullish signal, even the company's outstanding fourth-quarter earnings report

Netflix stock (NFLX) surged, after the streaming service reported the highest-ever level of quarterly subscriber gains and said it plans to [raise U.S. prices](

Netflix is set to report fourth-quarter results after the closing bell on Tuesday, with Wall Street analysts holding mostly bullish ratings on the streaming giant.

Technically, the stock’s price is likely to drop back into a “normal” range around $930 over the next week of trading. From there, expect to see a consolidation that will lead to a robust trend towards a target price above $1,000.

Netflix smashed expectations in the fourth quarter, adding a record 18.9 million subscribers. New ideas like advertising and live events are outperforming expectations. The company announced another price hike,

A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.

Netflix's blockbuster Q4 earnings and subscriber adds exceeded expectations. Click here to find out the factors that justify a buy rating on NFLX stock.

Netflix (NFLX) stock is booming on Wednesday, a day after the company reported blockbuster earnings bolstered by its largest increase of new paid subscribers ever.