High Close

(redirected from High Closes)

High Close

A tactic in which traders buy a stock in relatively small amounts the final minutes of a trading day so that its closing price is higher than it otherwise would be. A high close exists because closing prices are widely quoted in the media and in other reports; this practice makes the stock appear robust.
References in classic literature ?
The guns of the THUNDER CHILD sounded through the reek, going off one after the other, and one shot splashed the water high close by the steamer, ricocheted towards the other flying ships to the north, and smashed a smack to matchwood.
The Dow Jones industrial average and Standard & Poor's 500 index mostly hovered slightly below the all-time high closes set a day earlier.
There are also fears there will be even more noise, pollution and disturbance when Bootle high closes in 2009 and the pupils transfer to Lither-land high which is being rebuilt in a pounds 20m scheme.