Mercator Lines is looking extremely strong right now and it has the potential to make all time highs in a matter of time. The last to last quarter result for Mercator Lines was not good and so the stock had dipped from 60 to around 45 and was consolidating around those levels. However the last quarter results were good and raised the company’s bar. The stock started rallying from 45 and is still rallying as of date. From 45, it has run to 66, almost 50% returns.

I feel that the stock will continue to move higher from current levels of 66. There might be a possible correction and that will only serve as a better entry point in this stock because over all trend is still very positive for Mercator Lines. Fundamentals are sound and absolutely worth investing into. The stock is looking really good from a long term investment point of view, but you may as well trade for a short term gain. The first target for the stock is it’s 52 week high that is levels of 72 and then it might rally new highs.

Buy Mercator Lines with a target of 72+

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