After reaching an important support level, Kroger (KR Quick QuoteKR - Free Report) could be a good stock pick from a technical perspective. KR surpassed resistance at the 50-day moving average, suggesting 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.

KR has rallied 6.1% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests KR could be on the verge of another move higher.

The bullish case solidifies once investors consider KR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 7 higher, while the consensus estimate has increased too.

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