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Hammer
(redirected from went under the 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.


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The 1 D number plate went under the hammer at a DVLA auction at Ardencote Manor Hotel and Country Club, Claverdon, fetching a cool pounds 352, 411.
All the other items donated went under the hammer of amateur auctioneer Frank Wright at the Trinity Methodist church Schoolrooms, Huddersfield Road, Mirfield.
The digger went under the hammer at JCB's headquarters in Staffordshire.
 
 
 
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