Trend Table for BFS - Saul Centers, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Up	10.47%
May 17	B	Weak or Absent	Up	Up	Up	8.78%
May 16	C	Weak or Absent	Up	Up	Up	9.33%
May 15	C	Weak or Absent	Up	Up	Up	11.09%
May 14	C	Weak or Absent	Up	Flat	Flat	13.06%
May 13	C	Weak or Absent	Up	Flat	Flat	13.09%
May 10	C	Weak or Absent	Up	Up	Up	12.35%
May 9	C	Weak or Absent	Up	Flat	Up	12.87%
May 8	F	Weak or Absent	Flat	Down	Flat	14.81%
May 7	D	Weak or Absent	Flat	Down	Flat	14.12%