GE Aerospace (GE) Crossed Above the 20-Day Moving Average: What That Means for Investors

From a technical perspective, GE Aerospace (GE) is looking like an interesting pick, as it just reached a key level of support. GE recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.Shares of GE have been moving higher over the past four weeks, up 5.6%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that GE could be poised for a continued surge.Once investors consider GE's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 7 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.Investors may want to watch GE for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment Research