Trend Table for ARE - Alexandria Real Estate Equities, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	F	Weak or Absent	Down	Down	Down	1.68%
May 19	F	Weak or Absent	Down	Down	Down	3.34%
May 18	F	Weak or Absent	Down	Down	Down	2.36%
May 17	F	Weak or Absent	Down	Down	Down	0.54%
May 16	F	Weak or Absent	Down	Down	Down	1.85%
May 15	F	Weak or Absent	Down	Down	Flat	-0.94%
May 12	F	Weak or Absent	Down	Down	Down	0.18%
May 11	D	Weak or Absent	Down	Down	Down	-0.61%
May 10	D	Weak or Absent	Down	Down	Flat	-2.13%
May 9	D	Weak or Absent	Down	Down	Down	-1.29%