Intellicheck Mobilisa, Inc. (IDN) Just Reclaimed the 20-Day Moving Average

After reaching an important support level, Intellicheck Mobilisa, Inc. (IDN) could be a good stock pick from a technical perspective. IDN surpassed resistance at 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 IDN have been moving higher over the past four weeks, up 24.1%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that IDN could be poised for a continued surge.

Looking at IDN's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 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 IDN for more gains in the near future.

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This article originally published on Zacks Investment Research (zacks.com).

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