Trend Table for BFS - Saul Centers, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	B	Strong	Up	Up	Up	4.95%
Jul 17	B	Strong	Up	Up	Up	3.82%
Jul 16	B	Weak or Absent	Up	Up	Up	4.89%
Jul 15	B	Weak or Absent	Up	Up	Up	6.37%
Jul 12	B	Weak or Absent	Up	Up	Up	7.43%
Jul 11	B	Weak or Absent	Up	Up	Up	8.22%
Jul 10	C	Weak or Absent	Up	Up	Up	11.18%
Jul 9	C	Weak or Absent	Up	Flat	Flat	13.18%
Jul 8	C	Weak or Absent	Up	Up	Up	12.23%
Jul 5	C	Weak or Absent	Up	Flat	Up	13.09%