Hammer

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Related to percussion hammer: Reflex hammer

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 ?
Supply of a mobile air compressor & a percussion hammer.
The guys discover an 8-wheeled all-terrain vehicle (ATV) that travels on both land and water, and an air percussion hammer that can drill through solid rock
The conversion consisted of removing the frizzen, pan parts and the flintlock hammer and replacing them with a nipple and a percussion hammer.