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Lattice Semiconductor (LSCC) Crossed Above the 200-Day Moving Average: What That Means for Investors

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From a technical perspective, Lattice Semiconductor (LSCC - Free Report) is looking like an interesting pick, as it just reached a key level of support. LSCC recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.

Shares of LSCC have been moving higher over the past four weeks, up 14%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that LSCC could be poised for a continued surge.

Once investors consider LSCC'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 5 higher, and the consensus estimate has increased as well.

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.

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