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 ?
It should be enough to have every pocket in every white coat make room for a pack of tissues alongside the shiny chrome reflex hammer and the 3x5 index cards listing the differential diagnosis of syncope.
The tools we were given--stethoscope, reflex hammer, etc.
Finally, your reflexes will be tested, with a reflex hammer.