| Description |
You own shares of a company that are currently trading at $30 a share. Your
technical analysis of the shares indicates a support level of $27.50. That is , if the
price of the shares is going down, it is more likely to stay above this level rather
than fall below it. If the price does fall below this level, however, you believe that
the price may continue to decline. You have no immediate intent to sell the shares
but are concerned about the possibility of a huge loss if the share price declines
below the support level. Which of the following types of orders could you place
to most appropriately address your concern? |