Wachovia Corp (WB) opened at $14.14. So far today the stock has hit a low of $13.67 and a high of $14.14. WB is now trading at $14.04, up 0.15 (1.08%). After hitting a one-year high of $53.10 in September, the stock hit a one-year low of $13.38 yesterday. WB shares are trading higher this morning after Federal Reserve chairman Ben Bernanke said the Fed may grant investment banks more time to borrow from the central bank’s emergency loan program. Technical indicators for WB are bearish and improving slightly, while S&P gives the stock a bearish 2 Stars (out of 5) Sell rating. For a hedged play on this stock, consider a July bull-put spread below the $12.50 range. WB hasn’t been below 12.50 at all in the past year, and could lose up to 12.2% before this trade runs into trouble. [LHF- Seven Summits Strategic Investments NewsBite]