Question
Chris bought 200 shares of Lavender stock two years ago at $48 per share. The stock has traded in a range of $52 to $74
Chris bought 200 shares of Lavender stock two years ago at $48 per share. The stock has traded in a range of $52 to $74 a share over the past year. Lavender stock is now selling for $71 a share. The company announces its earnings today and Chris feels the stock could go to $90 on good news or fall to $60 on bad. Chris wants to continue the investment if the stock price rises. However, he likes to protect his profits if the stock price goes down. The most appropriate order for him to place is
A | a stop-limit order to sell at $71. | |
B | a stop-loss order at $60. | |
C | a limit sell order at $90. | |
D | market order to sell immediately. |
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