Away From The Market

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expression used when the bid on a limit order is lower or the offer price is higher than the current market price for the security. Away from the market limit orders are held by the specialist for later execution unless fill or kill (FOK) is stipulated on the order entry.

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When the bid on an order is lower (or the ask price is higher) than the current market price for the security.

Investopedia Says:
In this case, the bid/ask spread is above or below the current price of the stock.

Related Links:
Understanding the real forces that move stock prices is part of being a good trader. The Basics Of The Bid-Ask Spread


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