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 ?
A variety of property located across the UK and Northern Ireland will also go under the hammer.
Former Game Keeper's Cottage, off Huddersfield Road between Saddleworth and Marsden and on the edge of the Peak District National Park, which will go under the hammer next month
Some 45 bikes will go under the hammer on Monday in a webcast auction run by Aston's Auctioneers.
Gerazim Chapel, which comprises a church entrance, church hall and balcony, will go under the hammer
Works by Zeki Faik yzer, Adna Varynca, Onay AkbaE- and HE-samettin Kocan will also go under the hammer at next week's auction, which features works by young and promising artists of Turkey as well.
The 3D images will go under the hammer alongside the copyright to all ten stills on December 14 at Bonhams' Entertainment Memorabilia auction in Los Angeles.
UNSEEN images of screen icon Marilyn Monroe living the high life are set to go under the hammer.
TOP: Buyers around the big machinery; TOP RIGHT: A 2002 Land Rover SWB sold for pounds 6,900; BOTTOM RIGHT: An old Pony Trap was sold ready for restoration; LEFT: Decades of history go under the hammer as series of troughs and smaller items are sold off; FAR LEFT: Morgan Evans director Simon Jones was clerk for the day.
Summary: Dozens of guitars and amplifiers from rock legend Eric Clapton's personal collection are set to go under the hammer for charity.
CAMPAIGNERS in Bahrain yesterday welcomed moves by the Indian government to rescue some of Mahatma Gandhi's personal belongings, due to go under the hammer at an auction in New York.
A DOCTOR WHO train nameplate will go under the hammer to raise money for charity.
A pair of his-and-hers 1966 Ford Mustang Convertibles given to singing duo Sonny and Cher go under the hammer next February, and are expected to fetch pounds 135k-pounds 200k.