There are a couple of diverse opinions on Apple stock, which break down to these two alternatives:
1. Apple is already too big to move much.
2. Apple has been sitting at this level and is now "a coiled spring" ready to explode at the next positive news, whether it is an appearance by Steve Jobs or "the biggest earnings ever" for any company."
Thanks to the crowd at Yahoo! Finance, particularly redzombie85, ottoman2720 and asicsd.
That earnings report isn't going to come out until next month (July), so unless there is a big product announcement, which I hear is unlikely, we may be looking at number 1 above for the near term.