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Hammer
(redirected from go under the hammer)

   Also found in: Dictionary/thesaurus, Medical, Idioms, Encyclopedia 0.01 sec.
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.


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The 131-year-old property, which had a guide price of pounds 700,000 to pounds 800,000, was due to go under the hammer today at the Rose Bowl cricket ground near Southampton.
The sexy actress' hot pants, leather biker suit and sweaty tank top will go under the hammer at a Profiles In History sale in California.
CAPTION(S): GOLDEN OPPORTUNITY: Auctioneer Richard Storry with the replica gold Dalek that will go under the hammer at a sale in Stokesley tomorrow Picture by DOUG MOODY
 
 
 
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