Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 30	A	Weak or Absent	Up	Up	Up	8.42%
Apr 29	B	Weak or Absent	Up	Up	Up	8.13%
Apr 26	B	Weak or Absent	Up	Up	Up	8.62%
Apr 25	B	Weak or Absent	Up	Up	Up	8.50%
Apr 24	B	Weak or Absent	Up	Up	Up	8.17%
Apr 23	B	Weak or Absent	Up	Up	Up	8.54%
Apr 22	A	Weak or Absent	Up	Up	Up	9.33%
Apr 19	A	Strong	Up	Flat	Flat	10.01%
Apr 18	B	Strong	Up	Down	Down	10.78%
Apr 17	B	Strong	Up	Down	Down	11.04%