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 ?
WHEN a portrait of a Welsh baron comes under the hammer, interest in this colourful nobleman will be as intense as the painting itself.
27-carat diamond - it's as big as a pigeon egg - comes under the hammer also in Hong Kong on May 28.
But when talk of an All-Ireland crown comes under the hammer, he's still not brave enough to advise a gamble on Clare.
Fastnet rocking Australasia COOLMORE shuttler Fastnet Rock, whose first full European crop of foals comes under the hammer at this month's breeding-stock sales, got his eighth individual Group 1 winner on the board on Saturday when his daughter Planet Rock landed the New Zealand 1,000 Guineas at Riccarton.
WE forever hear Redcar and Cleveland Council going on about the need for a proper pier in Redcar, but I just wonder how far they will go to purchase a slice of the pier's history when a massive poster comes under the hammer in New York.
The tenanted property on Bradford Road, which comes under the hammer at an Eddisons auction on October 27, comprises the Saffron restaurant on the ground floor and five self-contained flats to the first floor.
It is clearly in need of restoration, but we still expect there to be fierce competition when it comes under the hammer.