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manonvsb manonvsb
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2 years ago
Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range of $21 to $44 a share over the past year. EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the stock could go to $60 on good news or fall to $30 on bad.  To protect his profits, the most appropriate order for him to place is

▸ market order to sell immediately.

▸ a limit sell order at $60.00.

▸ a stop loss order at $42.

▸ a stop-limit order to sell at $45.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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birdnuggetbirdnugget
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2 years ago
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