Anavex Life Sciences Corp (AVXL)

[Investor2014]

https://www.google.co.uk/amp/s/bclund.com/2011/09/28/3-ways-the-exchanges-screw-with-your-stop-orders/amp/

“Triggering stops without a trade at your stop price

Here’s an example; XYZ is currently trading at $20.50, and you have a stop order to sell at $20.00. Price approaches your stop, it gets triggered, and you are filled at $20.05. But when you look at your chart you notice that the low price of the day is $20.04.

So how was your stop triggered?

When you place a stop order, what you are doing is placing a market order, which for lack of a better word is in a “suspended” state. It is not active until your stop, or trigger price, is hit. Once it is, your market order is then live and acts like any other market order.

But what you might not know is that there does not have to be an actual trade at your stop price to trigger the market order. Only a quote needs to be shown at your stop price to trigger your order, which can then be filled at wherever price the market is trading at.”