F5, Inc. (FFIV Quick QuoteFFIV - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FFIV's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."

A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.

Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.

A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.

Shares of FFIV have been moving higher over the past four weeks, up 14.1%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that FFIV could be poised for a breakout.

Looking at FFIV's earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 8 changes higher compared to none lower over the past 60 days, and the Zacks 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 FFIV for more gains in the near future.