Mercer International (MERC) : Traders are bullish on Mercer International (MERC) as it has outperformed the S&P 500 by a wide margin of 10.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.69% in the last 1 week, and is up 9.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.54% and the 50-Day Moving Average is 6.45%.The 200 Day SMA reached 2.78%. Mercer International Inc. has dropped 6.21% during the last 3-month period . Year-to-Date the stock performance stands at -1.17%.
Mercer International (NASDAQ:MERC): After opening at $8.41, the stock dipped to an intraday low of $8.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.799 and the buying power remained strong till the end. The stock closed at $8.7 for the day, a gain of 3.69% for the day session. The total traded volume was 94,395. The stocks close on the previous trading day was $8.39.
Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale, known as market pulp, in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Companys wholly owned subsidiary, Rosenthal, owns and operates the Rosenthal mill, which has an annual production capacity of approximately 360,000 ADMTs and 57 MW of electrical generation. The Companys subsidiary, Stendal owns and operates the Stendal mill, which has an annual production capacity of approximately 660,000 ADMTs and 148 MW of electrical generation. The Companys wholly owned subsidiary, Celgar, owns and operates the Celgar mill, which is a NBSK pulp mill with an annual production capacity of approximately 520,000 ADMTs and 100 MW of electrical generation.