After mostly recovering from a brutal multi-month selloff through April, shares of Amazon.com Inc. (NASDAQ: AMZN) now find themselves at one of those make-or-break moments that could define the next few months of price action. The stock closed on Tuesday at just over $217, putting it within a couple of dollars of the $220 level that served as rock-solid support through multiple tests last December.
Now, with momentum clearly with the tech giant after a 35% surge from April's lows, that same level is about to get its first real test as resistance. For growth-focused investors, this setup represents exactly the kind of inflection point we love to highlight. Let's jump in and take a look.
