Taylor Morrison Home (TMHC Quick QuoteTMHC - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, TMHC broke out above the 50-day moving average, suggesting a short-term bullish trend.

The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.

TMHC has rallied 15.1% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests TMHC could be on the verge of another move higher.

Once investors consider TMHC's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, 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 TMHC for more gains in the near future.