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 ?
Christie's, meanwhile, is hoping to hook another high roller when this 101.27 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.
The famous old bomber is expected to go to an overseas buyer when it comes under the hammer at Phillips of London.
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, comes under the hammer with a guide price of pounds 300,000 plus at an auction on October 27.
" It is clearly in need of restoration, but we still expect there to be fierce competition when it comes under the hammer. "I am sure it will be sold to someone who will be happy to rebuild it and restore it to its former glory."