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Pivot

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Pivot
A price level established as being significant either by the market's failure to penetrate it or when a sudden increase in volume accompanies the move through the price level.

Notes:
A technical indicator, the pivot price is similar to resistance or support levels. If the price is exceeded, a breakout is expected to occur.

Pivot
Price level established as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price level.
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