March 20, 2015 ColorFuzion

NASDAQ:AAPL $1 Trillion….

Analysts at Morgan Stanley upped their bullish ante on Apple Inc. (NASDAQ:AAPL) by releasing a research report which believes that the company could become a $1 trillion company over the next 12 months which is being seen as a huge positive by investors on the street. The analysts at Morgan Stanley raised the price target on Apple Inc. (NASDAQ:AAPL) to $160 and believes that the Apple iWatch and the entry into the electric car market could be an absolute game changer for Apple Inc. (NASDAQ:AAPL) in the near term.

Analysts at Morgan Stanley upped the price target to the current $160 from the previous $133. Analysts also believe that the best bull case scenario for Apple Inc. (NASDAQ:AAPL) could see the price of the company go up to levels of $190 in the near term which is being seen as a huge positive for the company. Analysts at Morgan Stanley believe that the Apple Watch could double the market share of Apple Inc. (NASDAQ:AAPL) within the next 5 years which is a huge positive. Shares of Apple Inc. (NASDAQ:AAPL) were marginally higher in the trading session today.

When looking at the charts for Apple Inc. (NASDAQ:AAPL), the stock has been in an uptrend but is moving from strength to strength which is being seen as a huge positive. The stock is currently seen consolidating at the levels of $126.06. The momentum indicators for Apple Inc. (NASDAQ:AAPL)  have given a buy  signal which is a positive for traders and investors for the near term. The strength barometer for Apple Inc. (NASDAQ:AAPL)  has also given a buy signal which is indicative of the buying interest building up at current levels. According to chartists, the stock for Apple Inc. (NASDAQ:AAPL) would face resistance near the $133.88 levels in the near term.