From a technical perspective, Blackstone Secured Lending Fund (BXSL) is looking like an interesting pick, as it just reached a key level of support. BXSL recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.

Over the past four weeks, BXSL has gained 8.7%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.

Looking at BXSL's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 4 higher compared to none lower for the current fiscal year, 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 BXSL for more gains in the near future.

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Blackstone Secured Lending Fund (BXSL): Free Stock Analysis Report

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

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