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 ?
The memorabilia comes under the hammer at the firm's base in Gotham, Nottinghamshire, on Wednesday, the second day of the sale.
Columbus, who comes under the hammer at the Newmarket July Sales this evening, gave his sale price a timely boost when staying on strongly to win the Ballybeg Maiden over two miles at Roscommon on Monday night, writes Michael Clower.
Doff The Derby comes under the hammer on December 7 in foal to Entrepreneur amid suggestions that she could set a new record price for a broodmare.
The actual foot used in some of Terry Gilliam's famous Monty Python animations comes under the hammer at Vectis Auctions in Thornaby on July 12.
The Midland-made Aston Martin DB 2/4, made in 1955, could fetch as much as PS250,000 when it comes under the hammer at a Coys auction at Blenheim Palace in Oxfordshire on July 12.
The 'half' is this filly, as he shares her with her breeder David Botterill, and it was a timely success for him because her half-brother comes under the hammer at Doncaster this week.
The tenanted property on Bradford Road, comes under the hammer with a guide price of pounds 300,000 plus at an auction on October 27.
It is clearly in need of restoration, but we still expect there to be fierce competition when it comes under the hammer.