Trend Table for MERC - Mercer International Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	D	Strong	Down	Down	Up	-22.64%
Feb 22	D	Strong	Down	Down	Up	-22.28%
Feb 21	D	Strong	Down	Down	Up	-19.53%
Feb 20	D	Weak or Absent	Down	Down	Up	-20.40%
Feb 16	D	Weak or Absent	Down	Down	Up	-21.45%
Feb 15	F	Weak or Absent	Down	Down	Flat	-15.60%
Feb 14	F	Weak or Absent	Down	Down	Down	-14.29%
Feb 13	F	Weak or Absent	Down	Down	Down	-13.38%
Feb 12	F	Weak or Absent	Down	Down	Flat	-18.02%
Feb 9	F	Weak or Absent	Down	Down	Down	-16.99%