Mercer International Breaks Above 200-Day Moving Average - Bullish For MERC

In trading on Monday, shares of Mercer International Inc (MERC) crossed above their 200 day moving average of $6.87, changing hands as high as $6.88 per share. Mercer International Inc shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of MERC shares, versus its 200 day moving average:

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Mercer International Inc 200 Day Moving Average Chart

Looking at the chart above, MERC's low point in its 52 week range is $5.05 per share, with $7.80 as the 52 week high point — that compares with a last trade of $6.83.

According to the ETF Finder at ETF Channel, MERC makes up 1.67% of the Guggenheim Insider Sentiment ETF ( NFO) which is trading higher by about 0.2% on the day Monday.

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