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You are short 1,000 shares of a $500 stock and based on its chart, you believe the shares could rise to $550, but that there

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You are short 1,000 shares of a $500 stock and based on its chart, you believe the shares could rise to $550, but that there is a resistance level at that price and the shares will likely fall back and continue to fall to a price significantly below $500. If the shares are able to break through the $550 resistance level, they could rise by an additional $100 or more. To try to protect against a large loss on your position, which of the following orders should most likely be placed? Good-till-canceled stop-buy order. Short sell order. Good-till-canceled stop-sell order

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