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

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 ( NFLX 9.69%) was one of the best stocks of the 2010s. After an initial misstep with Qwikster, Netflix successfully transitioned from a DVD-by-mail business to a streaming one and delivered phenomenal growth over the decade as it expanded around the world and made streaming mainstream.