Weatherford International ( NYSE: WFT ) ended the last trading session at $68.26. So far the stock has hit a 52-week low of $43.44 and 52-week high of $72.81. Weatherford International stock has been showing support around 64.11 and resistance in the 72.07 range. Technical indicators for the stock are Bullish and S&P gives WFT a neutral 3 STAR (out of 5) hold rating. For a hedged play on this stock, look at a May '08 65 covered call (WFT EM) for a net debit in the $60.76 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 10.99% downside protection a...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)