Hammer

(redirected from hammerer)
Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia, Wikipedia.
Related to hammerer: hammer out

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
OF the two faces of David Cameron, the hard-nosed hammerer of low income families is the least attractive by a country mile.
We can bolster the allusion, however, by observing that in Statius's use of the adjective percussum (hammered) there could be an oblique reference to Celmis's Dactyl brother Damnameneus, whose name means "Hammerer." Indeed, the traditional triad of Dactyls could be completed by the reference in the next line to the "Sicilian anvil" (Siculaque incude, 278): the third Dactyl brother was often named Acmon or "Anvil." (28) All this provides some lexical basis for a more generally accessible mythological intertext.