General Electric ( NYSE: GE ) closed yesterday at $27.64. So far the stock has hit a 52-week low of $26.15 and 52-week high of $42.15. General Electric stock has been showing support around 26.82 and resistance in the 28.14 range. Technical indicators for the stock are Bearish and S&P gives GE a positive 4 STAR (out of 5) buy rating. GE appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '08 28 covered call (GEW LB) for a net debit in the $25.45 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 7.92% downside protection and a 10.02% assigned ret...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)