Hecla Mining (HL Quick QuoteHL - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HL broke through the 20-day moving average, which suggests a short-term bullish trend.

A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.

Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

HL could be on the verge of another rally after moving 24.5% higher over the last four weeks. Plus, the company is currently a Zacks Rank #2 (Buy) stock.

Looking at HL's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 1 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

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