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 ?
Then, Aberavon hammered away at the Swansea line, but had only a Jamie Davies penalty after seven minutes to show for their efforts.
Quins hammered away in the closing stages, and in a final desperate attack they came close to scoring a try several times, before the ball was passed back to Evans four minutes into injury time and the New Zealander scudded a low dropgoal between the posts
Thistle hammered away at their opponents for most of the second half but never looked likely to breaking down the stubborn Queens defence.
I felt we had the upper hand in most areas although both teams hammered away at each other early on.
In part, the public mood took its cue from The Western Mail's sister paper, the South Wales Echo, which has hammered away at Goodway on a range of issues, not just on the council tax but councillor's allowances (especially his own), the bizarre ``Echo-gate'' scandal, and his attempts to hold the two jobs of council leader and Lord Mayor.
The Yeltz hammered away in a rousing second half at Folkestone but the damage had been done in a poor first half.
After a ceremony to celebrate the past and future of the stadium, a giant crane nicknamed Goliath hammered away at the west tower for several hours yesterday.
Neath hammered away but left themselves exposed and fly half Ronan O'Gara snatched a bonus point for Munster.
And such as the Trojans' rally that hammered away almost all of a 19- point Bruins lead.
Argyle hammered away in the closing stages and Elliott pulled off a great save from Barlow.
George Fisher was so effective in Arkansas because he hammered away at the Army Corps of Engineers month in and month out.
Despite being reduced to 14 men during the closing stages through the yellow carding of fly-half James Leadbetter, they hammered away at the try-line but the Blacks maintain their four-point advantage over closest challengers Ebbw Vale.