Buy Stop Order
An order to buy a security which is entered at a price above the current offering price. It is triggered when the market price touches or goes through the buy stop price. Investopedia Says:
People using a buy stop hope to gain if momentum gains on a particular stock. If the price exceeds the price you have set, it will automatically trigger a market order. Related Terms:
Buy Stops Above
Conditional Order
Market If Touched - MIT
Market Order
Protective Stop
Stop Order
Stop-Limit Order
Stop-Loss Order
Stopped Out |