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profit taking
noun
- the selling of securities that have risen in price above costs; selling in order to realize a profit.
profit taking
noun
- selling commodities, securities, etc, at a profit after a rise in market values or before an expected fall in values
Word History and Origins
Origin of profit taking1
Example Sentences
"We are headed for a mixed session today...maybe something like profit taking at the beginning and then just a leveling off."
"Usually after Thanksgiving, you tend to get some profit taking because the volumes are low," said Axel Rudolph, senior market analyst at IG Group.
After three sessions of gains, Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, said "a little profit taking is a natural phenomenon after such a sizable move and relatively short period of time."
Gold has run into resistance at $1,865, with some initial profit taking on the back of two very positive days for gold-backed by risk aversion and the Fed’s balanced commentary, Erlam added.
The high-flying stocks were also experiencing some profit taking after their sharp rally this year, investors said.
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