Apple shares climb above key support level after rating upgrade

On Wednesday, Apple shares climbedabove a key support level in a bullish sign after Deutsche Bank analyst Jeriel Ong turned positive on the stock.
Patrick Seitz for Investor’s Business Daily:The consumer electronics giant is well-positioned for when the market stabilizes, he said.
Apple stock jumped as much as 4.8% higher to 258 in morning trading on the stock market today. But it ended the regular session down 0.6% to 245.52.
Earlier in the session, Apple stock climbed above its 200-day m