Schering Plough (NYSE: SGP) closed yesterday at $19.36. So far the stock has hit a 52-week low of $13.83 and 52-week high of $33.40. Schering Plough stock has been showing support around 18.58 and resistance in the 19.82 range. Technical indicators for the stock are Bearish and S&P gives SGP a neutral 3 STAR (out of 5) hold rating. SGP appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '09 17.50 covered call (SGP AW) for a net debit in the $16.41 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 15.24% downside protection and a 6.64% assigned return r...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)