Apple Retakes Key Support Level, Gets Price-Target Hike

Apple (AAPL) stock jumped on Monday after getting a bullish report from investment bank Morgan Stanley, which reiterated its overweight rating and upped its price target on the company's shares to 182 from 177.

XAutoplay: On | OffApple was up 0.7%, near 150, in morning trading on the stock market today.

Apple rose above its 50-day moving average, a key technical support level, for the first time in more than a month on Monday. The stock has been forming a flat base over the past nine weeks...

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