IPhone 7 was released, had great sales, then there was "bend-gate". The media had a fun time reporting the smallest issues and the stock price declined then recovered.
Now it is the Apple Watch, great initial sales. Next the media will find some glitches to report and make the watch seem like it will be a failure, but overall it will be a success.
I anticipate the stock will not be out of this range until they can silence the critics with earning s of $2.46 on April 27. My guess is that the old ceiling of 130ish will become the new trading range floor.