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 ?
Other lots due to come under the hammer at the sale include a former car sales pitch at Huddersfield Road, Birstall; a secure storage yard at Ashgrove Road, Huddersfield; land at Overthorpe Road, Dewsbury; and sites with potential for housing at Nabcroft Lane at Crosland Moor, Earlsheaton in Dewsbury and Common Road at Batley.
Such a piece of original designer glass will come under the hammer at Outhwaite and Litherland in the next couple of weeks.
ANGLESEY landscapes and maritime charts come under the hammer in Liverpool tomorrow.