Trend Table for AHH - Armada Hoffler Properties, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	D	Weak or Absent	Down	Down	Up	5.90%
May 19	D	Weak or Absent	Down	Down	Down	7.39%
May 18	D	Weak or Absent	Down	Down	Down	7.11%
May 17	D	Weak or Absent	Down	Down	Down	9.02%
May 16	D	Weak or Absent	Down	Down	Down	10.80%
May 15	C	Weak or Absent	Down	Down	Down	7.39%
May 12	C	Weak or Absent	Down	Down	Down	7.02%
May 11	C	Weak or Absent	Down	Down	Down	7.39%
May 10	C	Weak or Absent	Down	Down	Down	6.18%
May 9	D	Weak or Absent	Down	Down	Down	4.91%