$IDT IDT Corp A Buy Above $8.7

NYSE:IDT   IDT Corporation
$IDT has been one that we have traded well in the past. The stock has a history of explosive moves. Above $8.7 and we see the stock get going and we believe we will see $10 to $12 in rather short order.

$IDT started climbing last week after reporting Q3 earnings. The highlight was the company in the quarter swung from a loss last year to being profitable. The company also reported double-digit revenue growth in its emerging segments. We believe new highs are coming sooner rather than later.

As always, trade with caution and use protective stops.

Good luck to all!

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