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

The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.

The 20-day moving average can show signals that are similar to other SMAs as well. 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 PBF have been moving higher over the past four weeks, up 16.2%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that PBF could be poised for a continued surge.

Once investors consider PBF's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 5 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.

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