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

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show 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 LPX have been moving higher over the past four weeks, up 13.5%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that LPX could be poised for a continued surge.

Looking at LPX's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 3 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

Investors may want to watch LPX for more gains in the near future given the company's key technical level and positive earnings estimate revisions.