Autobytel Inc. (ABTL)

[confusedtrader]

Looking good. 4.78 on good buying volume.

In the good ole days, one advantage of a push above 1$ barrier, was the possibility of psychological level traders jumping in and quickly pushing the stock to 1.2+.

Will be interesting to see what happens this time if the stock breaks past 5. Now the float and OS are much smaller. Could we surge quickly to 6s? Anything is possible with low float and momo traders. Finally, ABTL has some mojo, atleast for now.

Also daily chart trend looks very good after basing in low 4's for a long time. This might attract technical traders.

Let's see what next few days bring.