Sears (SHLD) PriceWatch Alert At $77.90 Break Even
Posted on August 11, 2008 at 04:07 AM EDT
Sears (NasdaqNM: SHLD) ended the last trading session at $89.90. 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 84.17 and resistance in the 95.71 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 Dec '08 85 covered call (KTQ LQ) for a net debit in the $77.90 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 13.35% downside protection and a 9.11% assigned ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)