From a technical perspective, Federal Realty Investment Trust (FRT Quick QuoteFRT - Free Report) is looking like an interesting pick, as it just reached a key level of support. FRT recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level.

FRT has rallied 20.9% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests FRT could be on the verge of another move higher.

The bullish case only gets stronger once investors take into account FRT's positive earnings estimate revisions. There have been 4 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on FRT for more gains in the near future.