Trading in Mohawk Industries, Inc. MHK is quiet on Tuesday. But that may not be the case for long. Traders are waiting to see if it will break out and trend higher.Sometimes, traders have difficulty knowing whether or not something is a true breakout; a false breakout or a bear trap. These can mean a fast reversal and move lower. This is why Mohawk is the Stock of the Day.Check our how MHK is doing here.Resistance is a price level or a narrow range where there is a large amount of sell interest. At resistan ...

Core Insights - Amazon.com Inc (NASDAQ:AMZN) stock has surpassed its November 2024 highs and January 2025 lows, indicating a potential bullish trend [1] - The stock has cleared significant resistance levels, including the year-to-date breakeven level and the +10% year-to-date level, which may now act as support [1] - A notable increase in call volume on Friday suggests a potential turning point or breakout for the stock [2] Options Analysis - The recommended call option for AMZN has a leverage ratio of 9.8, indicating a strong potential for profit [2][3] - This call option is expected to double in value with a 10.3% increase in the underlying equity [2][3] - The current market conditions, including a heavy put bias and affordable options pricing, suggest it may be an opportune time to invest in AMZN [2]

Core Viewpoint - Amazon.com Inc. has shown a significant recovery since early April, with shares increasing over 30% in just over two months, currently trading just under $215, which is close to February's record highs of $240 [1][2] Technical Analysis - The stock's chart indicates a bullish trend with higher highs and higher lows since April, suggesting strong upward momentum [2] - The $215 level has become a key resistance zone, and a breakout above this level could lead to a rapid increase towards the all-time highs of $242 [3][4] Analyst Support - Analysts from JPMorgan Chase and Bank of America have reiterated their Overweight ratings, with price targets raised to $240 and $248 respectively, reflecting confidence in Amazon's robust business, particularly in AWS [5][6] - Tigress Financial has set a street-high price target of $305, indicating over 40% upside potential from current levels [6] Earnings Anticipation - Amazon has a historical pattern of rallying into earnings reports, with the next report expected in late July, which could drive further stock price increases [7][9] - The stock forecast suggests a 12-month price target of $244.89, representing a 15.23% upside [8] Market Conditions - Current market conditions are favorable, with major indices nearing all-time highs and a renewed investor appetite for mega-cap tech stocks, positioning Amazon for potential gains [10]