You purchased JNJ stock at $130 per share. The stock is currently selling at $145. Your gains may be protected by placing a
A) stop-buy order.
B) limit-buy order.
C) market order.
D) limit-sell order.
E) None of these options are correct.

Question

Quizplus · Accepted Answer

A limit-sell order allows you to set a minimum price at which you're willing to sell your stock, thus protecting your gains by ensuring the stock is not sold for less than your target price.

You Purchased JNJ Stock at $130 Per Share