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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References in periodicals archive ?
A "once in a lifetime" collection of more than a thousand luxury teddy bears and soft toys could sell for more than Au1 million when it goes under the hammer today, experts have said.
A 1981W with 102k miles and reams of history, it's in nice nick and is expected to make pounds 5k-pounds 6k when it goes under the hammer on October 12.
A German history museum will probably snap up the ballot paper when it goes under the hammer on June 25.
A Mark 1 Vickers Supermarine Spitfire seen at IWM Duxford, once flown by a veteran of the Great Escape and painstakingly restored over five |years, is expected to fetch up to PS2.5 million at auction, when it goes under the hammer at Christie's in London on July 9
e historic Aston Hotel, which dominates the famous Witton roundabout next to Villa Park, goes under the hammer at auction next week.
The North West Durham Collection goes under the hammer at Vectis on July 11.
WHISKY lovers will be able to bid for a rare collection of about 3,000 bottles when it goes under the hammer later this year.