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 ?
The referee felt the pale blue Hammers away kit clashed with the sleeves of Villa's home shirt.
The chisel-head action is unique because it hammers away at solid obstacles.
However, Tevez has struggled to command a place in the team, so the likes of Bobby Zamora and Marlon Harewood will be hoping to lead the Hammers away from the relegation zone and give new manager Alan Curbishley and early Christmas present.