Is there a type of order or stock trade that can be set such that I want to sell beyond certain cut off limit but continue to hold the stock if the price is increasing until a percentage of drop is noticed from the peak?
e.g., lets take today's GOOG stock.
my cutoff is 669$ + 20cents drop
This would mean try to sell if today's google stock goes above 669$ but do not sell if the stock keeps climbing beyond 669 unless there is a down tick of 20cents is seen ?
-- one of the answer below (keshlam) -- explains the question better.