Trend Table for BFS - Saul Centers, 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	26.92%
May 19	D	Weak or Absent	Down	Down	Up	28.12%
May 18	D	Weak or Absent	Down	Down	Up	25.41%
May 17	D	Strong	Down	Down	Up	27.17%
May 16	D	Strong	Down	Down	Flat	30.87%
May 15	D	Strong	Down	Down	Flat	30.68%
May 12	F	Strong	Down	Down	Down	31.72%
May 11	F	Strong	Down	Down	Down	32.98%
May 10	F	Strong	Down	Down	Down	30.99%
May 9	F	Weak or Absent	Down	Down	Down	34.63%