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.
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References in periodicals archive ?
A buy stop order is placed above the market and a sell stop order is placed below the market.
Oder Execution
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.
Gold drops 1.4% to low of one month

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