sell stop order

Sell Stop Order

An order to a broker to sell a security if its price falls below a certain level. A sell stop order exists to stop the losses, should a security's price fall. That is, it protects against further losses. See also: Buy stop order, stop-loss order.

sell stop order

A customer order to a broker to sell a security if it sells at or below a stipulated stop price. This type of stop order can be used to protect an existing profit or to limit the potential loss on an owned security. Compare buy stop order.
References in periodicals archive ?
A buy stop order is placed above the market and a sell stop order is placed below the market.
Sell stop orders were triggered as gold fell out of its recent range between $1,660 and $1,680 and as selling accelerated as the metal broke below its late January low of $1,651.