Sears ( NasdaqNM: SHLD ) closed yesterday at $80.56. So far the stock has hit a 52-week low of $67.36 and 52-week high of $152.91. Sears stock has been showing support around 77.59 and resistance in the 85.35 range. Technical indicators for the stock are Bullish and S&P gives SHLD a weak 2 STAR (out of 5) sell rating. SHLD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '08 80 covered call (KTQ IP) for a net debit in the $74.46 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 7.57% downside protection and a 7.44% assigned return...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)