$1700 Is THE Level to Watch In Amazon.com, Inc. Following a Big Rally

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been on a major bull run over the past several weeks. AMZN stock briefly broke through the $1,700 level for the first time ever yesterday before pulling back to close at $1,695.75. While I am not questioning the dominance of Amazon in nearly every market it enters, I am beginning to question whether the recent rally is due for a pause.