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 ?
Israel Beinglass, managing director and chief technical officer of the Transistor and Capacitor Business Group of Applied Materials, said, "We are pleased that our Implant and Epi production systems contribute to the advanced technology and high productivity of SiGen's SOI manufacturing process.
He then instituted an annual program on tax-exempt organizations and published the only SOI statistics to date on Individual Retirement Arrangements (for 1976 in 1980) and on employee benefit plans (for 1977 in 1982).
Following lunch, the first session, "Uses of SOI Data in the U.
Victor Rehula began his Federal career in 1970 at the Bureau of Mines before coming to SOI in 1972.