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

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