Aecom Technology (ACM Quick QuoteACM - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ACM broke through the 50-day moving average, which suggests a short-term bullish trend.

The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.

Over the past four weeks, ACM has gained 9.5%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher.

Looking at ACM's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

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