General Electric ( NYSE: GE ) closed yesterday at $28.40. So far the stock has hit a 52-week low of $25.60 and 52-week high of $42.15. General Electric stock has been showing support around 27.53 and resistance in the 28.83 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 29 covered call (GEW LC) for a net debit in the $26.78 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 5.70% downside protection and an 8.29% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)