Twilio (TWLO Quick QuoteTWLO - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, TWLO crossed above the 20-day moving average, suggesting a short-term bullish trend.

The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows 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.

Shares of TWLO have been moving higher over the past four weeks, up 24.5%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that TWLO could be poised for a continued surge.

The bullish case only gets stronger once investors take into account TWLO's positive earnings estimate revisions. There have been 11 revisions higher for the current fiscal year compared to none lower, 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 TWLO for more gains in the near future.