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 "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.
AN "outstanding" collection of manuscripts previously owned by kings, bishops and aristocracy is expected to fetch up to pounds 16 million when it goes under the hammer.
A SLICE of Welsh footballing history goes up for sale today when a rare cloth badge issued to mark an international appearance in the days before caps goes under the hammer.
A MODEL of King Kong is expected to scale the dizzying heights of up to pounds 150,000 when it goes under the hammer next week.
THE world's rarest Dinky toy car is expected to fetch more than a new family hatchback when it goes under the hammer on Monday.
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.