As it stands, MGTI is looking like a morning gapper. Watching the bid / ask rise above a buck...that's the key for any momo today as short interest banked they could take it back under a buck yesterday, but the close left them disappointed. The $1-market draws in more funds.
Gotta look at the charts and see where resistance lies. If I'm not mistaken, this broke above $1 about a month ago, but got knocked down at around $1.21...but I need the chart to confirm that price.