AcornWealthCorp

IDT - Fallen angel pattern Long from $13.04 to $16.13

Long
NYSE:IDT   IDT Corporation
IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential.

* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- Fallen angle Pattern
Entry Target Criteria- Break of $13.04
Exit Target Criteria- $15.17 and $16.13
Stop Loss Criteria- $2.27 and $11.93

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Trade active: April 5th - Nice upward move with higher volume, and hit entry price today. Looking very good as long.
Comment: April 10th - Very nice 3.94% gain today, with huge volume. Looking very strong.
Comment: Strong uptrend continued with another 3.4% gain today. Updating stop loss criteria to $13.13
Comment: April 12th- updating our stop loss criteria to $13.23

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