From a technical perspective, MYR Group (MYRG Quick QuoteMYRG - Free Report) is looking like an interesting pick, as it just reached a key level of support. MYRG recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.

Shares of MYRG have been moving higher over the past four weeks, up 6.8%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that MYRG could be poised for a continued surge.

Once investors consider MYRG's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 3 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on MYRG for more gains in the near future.