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Free Stock Pick for Tue Nov 9th 2010

|Includes:IDT Corporation (IDT)

IDT Corporation (NYSE:IDT) gapped up today on positive news from the company and finished the session up nearly 13% on the heaviest volume since July. Watch for a break above the upper trend line of its 4-month bullish flag.

My first target is around $19.50, but don't be surprised if you see a break above the multi-year high at 19.70 and a move towards the highs from 2003 at around 22.00. Preferred entry (buy stop) price would be 17.90, with a stop at 16.40.

Stocks: IDT