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Three years ago, Emily bought 200 shares of HQ at $27.00 per share. HQ shares have risen to $57.50 ...

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Three years ago, Emily bought 200 shares of HQ at $27.00 per share. HQ shares have risen to $57.50 ...

Three years ago, Emily bought 200 shares of HQ at $27.00 per share. HQ shares have risen to $57.50 per share. If the stock continues to rise, she wants to hold it, but she fears that the price could fall quickly and she will lose most of her profit. Which of the following decisions would be best?

▸ Place a limit order to sell at $60.00.

▸ Place a stop-limit order at $55.00.

▸ Place a stop-loss order at $27.00.

▸ Place a stop-loss order at $55.00.

Textbook

Fundamentals of Investing

Edition: 14^th

Authors: Zutter, Smart

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pattytcakes Author

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Correct

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