Pivot

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Pivot

Price level established as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price level.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Pivot

A price that a security fails to either break above or fall below, or a price that a security reaches when its trading volume increases. If a security breaks above (or falls below) a pivot, it is expected to continue to rise (or fall). See also: Support level, Resistance level.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
SELECTIONS: Today Ascot 2.30 Pivotman. Tomorrow Windsor 2.30 I'm So Glad.
The daunting task of containing Mbala falls on Jerson Prado and Andrew Harris, who also have their hands full when pivotman Justine Baltazar, Jason Perkins and Abu Tratter join forces with Mbala.
He's been placed in six of those races and has another each-way chance in a very competitive handicap." Amanda Perrett, trainer of Blue Surf and Pivotman "Pivotman was second last year but needs to regain his form.
Rookie Ken Holmqvist, who was later named league MVP, was a surprise package for the Tamaraws after the mobile 6-foot-8 pivotman came away with 17 points on 8-of-11 shooting and 11 rebounds.
Pivotman Sonny Thoss came up with huge plays down the stretch but it was their robust defense that brought the Aces back from 19 points down and moved them within a win of arranging a title showdown with the San Miguel Beermen.