Sears (NasdaqNM: SHLD) ended the last trading session at $80.98. 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 78.45 and resistance in the 84.87 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 $74.88 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 7.53% downside protection and a 6.84% assigned...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)