Stop-Limit Order

An order that becomes a limit order once a stop price is reached.

A stop-limit order combines a stop trigger with a limit price. When the stop is hit, it places a limit order rather than a market order, giving you price control. The trade-off is that in fast markets the limit may never fill, leaving you exposed despite the stop being triggered.

She used a stop-limit order so that if the stock dropped, it would sell only at $48 or better.