Hammer

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Related to going under the hammer: come under the hammer, hammered out

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 ?
More than pounds 400m of art is going under the hammer at Sotheby's and Christie's bi-annual Impressionist, Modern, Post-War and Contemporary Art sales next week.
MORE than 700 personal 'clues' to the lifestyle of crime author Agatha Christie and her family are going under the hammer.
Hot items going under the hammer include a car from an Austin Powers movie, a cricket bat signed by the England team and lots of lovely pop memorabilia.
Among the mares in foal going under the hammer is Ipi Tombe, winner of 12 races and nearly pounds 900,000 in prize-money.
Browns Hotel in Laugharne, west Wales, is going under the hammer tonight at the town's Memorial Hall.
When I discovered it was going under the hammer, I realised it would be a piece of history.
A catalogue of 500 lots was auctioned at The Hawthorns, and other items from the worlds of football and rugby will be going under the hammer at the second day of the auction today.