downtick
American Heritage Dictionary:
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down·tick
(doun'tĭk') 
n.
n.
- A decrease, especially a small or incremental one.
- A transaction in a stock market security below the price of the previous transaction.
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sale of a security at a price below that of the preceding sale. If a stock has been trading at $15 a share, for instance, the next trade is a downtick if it is down 1 ⁄ 16 at 14 .94. Also known as minus tick.
See also short-sale rule.
See also short-sale rule.
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Investopedia Financial Dictionary:
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Downtick
A transaction on an exchange that occurs at a price below the previous transaction.
In order for a downtick to occur, a transaction price must be followed by a decreased transaction price. This is commonly used in reference to stocks, but it can also be extended to commodities and other forms of securities.
Investopedia Says:
For example, suppose stock ABC previously traded at $10. If its next trade occurs at a price below $10, then ABC will be on a downtick.
Related Links:
We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen. Understanding The Ticker Tape
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Copyrights:
American Heritage Dictionary
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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