Stock Of The Day: Conversion In Amazon?

Group 1 - Amazon.com, Inc. experienced a significant increase in stock price, rising over 9.5% on Friday, reaching a new all-time high [1] - Traders are closely monitoring Amazon to determine if the upward trend will continue, making it the "Stock of the Day" [1] - The stock previously faced resistance around $212 in May, which was broken in June, leading to a price increase [6] Group 2 - The recent price movement has led to seller remorse among traders, who may look to repurchase shares if the price returns to their previous sell levels [2][3] - A substantial number of buy orders have formed support at the previous resistance level, setting the stage for potential further price increases [7] - On Friday, Amazon broke through resistance at $242, and traders are watching to see if this level will convert into support [7]