Amazon Stock Could Extend Breakout on the Charts

Amazon.com Inc (NASDAQ:AMZN) stock just took out its November 2024 highs and January 2025 lows pivot that had been acting as resistance. On Friday, the year-to-date breakeven level and the +10% year-to-date level were cleared, areas that could now be support. The shares also broke above peak call open interest and could run toward the 250 strike.  Friday saw a huge spike in call volume, and typically indicates significant turning points or big breakouts that can follow through. With a heavy put bias on the ...