From a technical perspective, Danaos (DAC) is looking like an interesting pick, as it just reached a key level of support. DAC recently overtook the 20-day moving average, and this 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.Shares of DAC have been moving higher over the past four weeks, up 8%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that DAC could be poised for a continued surge.Looking at DAC'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.With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on DAC for more gains in the near future.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Danaos Corporation (DAC): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research