Hammer

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Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
References in periodicals archive ?
Interest in the hammerless J-frame diminished substantially after S&W introduced the Bodyguard series, as the Centennials can be fired double-action only.
38 Safety Hammerless revolvers for trials purposes, but they were rejected in favor of the M1889 Colt Navy revolver tiring the .
Kimber's Solo has a much more modern design: sleekly hammerless and squeezing six rounds of 9mm Parabellum into the magazine, plus one in the chamber.
Q: I recently inherited an older hammerless 12-gauge side-by-side with an automatic safety made by the Meriden Firearms Company of Meriden, Connecticut.
Seven years later the Safety Hammerless, or "Lemon Squeezer" arrived in .
The Centennial design is not a true hammerless revolver, but one that his the frame completely encompassing the internal hammer.
If the customer insists on one, be sure to sell him a hammerless design, available in handy, short coach gun forms from Stoeger, ADCO and others.
Actually by today's standards they are not truly hammerless but have concealed hammers.
In addition to designs that bear his name, like the Browning Superposed, Auto-5, and Hi-Power, there are those that don't--the Winchester Model 94, the Colt Woodsman, and the Colt Models 1903 and 1908 Pocket Hammerless designs, to name just a few.
Particularly popular is Taurus' CIA, a hammerless design available in stainless steel and Total Titanium, which weighs 16 ounces.
380 ACP cartridges, the Model 51 was one of a family of popular pocket pistols, which included the Colt 1903/1908 and the Browning 1910/1922 hammerless models.