Amazon.com Inc. (NASDAQ: AMZN) closed just above $205 on Friday, marking a sharp recovery of nearly 30% since its April low. The latest burst of momentum has come on the back of improving trade relations between the U.S. and China, a development with direct implications for the tech giant’s business model.
Now trading near its highest levels since February, the stock is regaining its leadership position in the market, and there’s growing reason to believe that May could be the last chance to buy it around the $200 level.
