Amazon shares surged 14 percent a day after the company reported impressive earnings numbers, which means that the stock is now up 43 percent in 2015. But one technical analyst says the best is yet to come.
"I do see more upside for one major technical reason," Jason Rotman of Lido Isle Advisors said Friday in an interview on CNBC's "Power Lunch."
"I connected the highs of 2011 and 2014, and that's basically the 'supply line.' So I think there's going to be major demand until Amazon reaches that supply line, which is still 20 percent away, if you're talking about an end-of-year target," he said.