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This is the price of the last trade of a stock when the market closes for the day. This price is of primary importance in our trading as where a stock closes in its range tells us much about the direction and momentum of the stock.

This is a stock’s trading price when a stock begins trading for the day. It may gap up, gap down, or open where it closed the previous session. Where a stock opens can be deceptive, especially if the stock gaps up or down significantly from the closing price.

Average number of shares traded per day over a specified period.

Average price/earnings ratio of stocks owned by a mutual fund.

The process of dividing your funds among different classes of investments such as stock, bond, or real estate. You could further allocate your stock funds into value, growth, foreign, etc.

Everything a company or person owns, including money, securities, equipment and real estate. Assets include everything that is owed to the company or person. Assets are listed on a company’s balance sheet or an individual’s net worth statement.

The lowest price at which someone is willing to sell the security. When combined with the bid price information, it forms the basis of a stock quote.

The price you are asked to pay when you buy a stock (see ‘Bid Price’).

The aggregate size in board lots of the most recent ask to sell a particular security.

Options that can be exercised any time during their lifetime. These are also known as open options.