You Have Been Watching a Stock That Has Dramatically Increased

You have been watching a stock that has dramatically increased in price for the last several days. Today it closed at $50 per share. You want to purchase this stock in the morning using your online brokerage account. You are willing to pay up to $53 a share but no higher. What type of purchase order should you use?

A) a stop-loss order
B) a good-til-cancel order
C) a market order
D) a limit order

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free