MERC - Mercer International: Rising Pulp Prices Could Help Price The Stock Higher (Technical Analysis)

2024-05-21 13:30:31 ET

Summary

• Mercer International Inc. has seen encouraging trends in its earnings, with better-than-expected results since the third quarter of fiscal 2023.
• The company's long-term MACD chart shows a bullish crossover, indicating positive fundamentals and potential for growth.
• Mercer's pulp segment has contributed to the improvement in earnings, driven by rising pulp prices in European and North American markets.

Intro

We wrote about Mercer International Inc. ( MERC ) in December of last year when we pointed to green shoots on the horizon for the international pulp company. Encouraging trends presented themselves in the company's third quarter of fiscal 2023 where we witnessed better-than-expected earnings aided by lower production costs....

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