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.

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.
References in periodicals archive ?
Handicapper relenting Pivotman has dropped from 95 to 79 since the start of the year and trainer Amanda Perrett has really found her form lately.
Amanda Perrett, trainer of Blue Surf and Pivotman "Pivotman was second last year but needs to regain his form.
00 Goodwood Sporting (50:25:10) 10-13 Danadana, Las Verglas Star, 9-12 Cai Shen, 8-11 Landaman, 7-9 Retrieve, Kirthill, 6-8 Don't Call Me, 4-6 Start Right, Specific Gravity, Oceanway, 3-5 King Torus, Silken Thoughts, 2-4 Kings Gambit, Spanish Duke, Licence To Till, Right Step, Pivotman, 1-3 Nanton.
Amanda Perrett has hit form recently and Pivotman has a couple of runs last autumn that give him a proper chance.