Schlumberger (NYSE: SLB) closed yesterday at $96.18. 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 94.16 and resistance in the 99.30 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 an Oct '08 95 covered call (SLB JS) for a net debit in the $89.68 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 6.76% downside protection and a 5.93% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)