Lattice Semiconductor (LSCC Quick QuoteLSCC - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LSCC broke through the 200-day moving average, which suggests a long-term bullish trend.

The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.

Shares of LSCC have been moving higher over the past four weeks, up 6.4%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that LSCC could be poised for a continued surge.

The bullish case solidifies once investors consider LSCC's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 4 higher, while the consensus estimate has increased too.

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on LSCC for more gains in the near future.