IDT continues to want more to the upside. In hind site I’m wondering why I didn’t buy this. A few decent entries but this thing is severely over cooked at $19.60 and could tank in a heart beat. I do feel this stock is destined to print $20 before any significant low risk shorting opportunity presents itself. It’s worth a shot to the long side on pullbacks that develop support. Current support is at $19 and 18.70. Resistance is 19.30 and high 19.50’s
[wikichart align=”center” ticker=”IDT” showannotations=”true” livequote=”true” startdate=”26-01-2010″ enddate=”26-07-2010″ width=”570″ height=”365″]