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Hammer
(redirected from Hammerless)

    Also found in: Dictionary/thesaurus, Medical, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
Hammer
A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.



Notes:
A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom.

The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.



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Combining the no snag, hammerless design of the 642 with the rapid target acquisition capability of Crimson Trace Laser Grips(R) offers low-light precision aiming capabilities in an easy carry personal protection package.
Smith & Wesson Announces New Handgun Products for 2004 by Business Wire
The hammerless compact revolver frequently used by law enforcement will feature a laser aiming system engineered by Crimson Trace(R) Corp.
Smith & Wesson Premiers Model 642 J-Frame with Crimson Trace ... by Business Wire
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