Smithfield Foods Inc. (SFD) — This major international pork processer fell from a high of $35 in mid-2007 to below $6 in November.

But the low represented the middle of a triple-bottom and, when the stock broke through the 20-day moving average several weeks ago and headed for the 50-day moving average, in just three days the bear market for SFD ended.

Last week, SFD broke out again — this time from a double-top with a trading target of $15 to $16. Longer-term investors might want to hold SFD for a target of $20 to $25.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.