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 ?
Notable lots that went under the hammer at the recent Dubai sale included an unused 2016 Volvo EC210BLC excavator which went for $75,000.
Other notable vehicles which went under the hammer at the sale included an original right hand drive 1974 Ferrari Dino 246 GT E Series, with coachwork by Scaglietti and design by Pininfarina, which went for PS374,000 and a 1977 Ferrari 512 BB that featured at the 1977 London Motor Show, which sold for PS225,000.
The journal, in which Tagore had penned poetry, calculations and musings on art from 1889 to 1904 went under the hammer for a whopping sum of Rs17 million at the Christie's auction in Mumbai on Thursday.
PRICE In-calf heifer Goldies Farah went under the hammer for 28,000gns at the Limousin Cattle Society breeders' sale at Carlisle
RARE first editions of Ian Fleming's James Bond spy books went under the hammer yesterday and sold for nearly pounds 30,000.
The painting became the most expensive work by a living artist sold at auction when it went under the hammer for more than pounds 17 million in New York.
The instrument, which sold for pounds 11,400, went under the hammer on the first day of a three-day London auction.
Single men went under the hammer at the Station pub in Station Street, Sutton Coldfield.