Schlumberger ( NYSE: SLB ) closed yesterday at $101.79. So far the stock has hit a 52-week low of $72.30 and 52-week high of $114.84. Schlumberger stock has been showing support around 96.86 and resistance in the 105.46 range. Technical indicators for the stock are Bearish and S&P gives SLB a positive 4 STAR (out of 5) buy rating. SLB appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Nov '08 100 covered call (SDB KT) for a net debit in the $90.19 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 11.40% downside protection and a 10.88% assigned re...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)