Don't peep - two bottoms on view!

Premier Foods (LSE: PFD)

Premier Foods was up 10.5% today, closing at 101.5p. The share price graph is starting to show clear signs of forming a "Double Bottom", see below:

With momentum building, following the RNS announcement today, re. the completion of the disposal of the Sweet Spreads and Jellies Business for £200m (£170m cash + £30m shares in the buyer [Hain Celestial]), the completion of a double bottom formation looks more likely than not. If this does happen, it could bode well for us DIY-Investors that spotted the signs.

What do you think - will this be a trick or treat?

Mick.