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Author Question: You bought IBM stock at $70 per share. It is now $120 a share. You think it could go higher but you ... (Read 71 times)

silviawilliams41

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Question 1

A ________ is an order for a brokerage firm to buy a stock when the price rises to a specified level.


◦ stop order
◦ buy stop order
◦ sell stop order
◦ go order

Question 2

You bought IBM stock at $70 per share. It is now $120 a share. You think it could go higher but you are nervous that it could go down and you would lose your gains. To protect your gains but still give yourself the chance to make future profits you could place a


◦ market order.
◦ sell stop order at $100 a share.
◦ buy stop order at $100 a share.
◦ sell stop order at $150 a share.


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Marked as best answer by silviawilliams41 on Apr 14, 2019

Carissamariew

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