Trend Table for BH - Biglari Holdings Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	D	Weak or Absent	Down	Down	Up	20.39%
Sep 12	F	Weak or Absent	Down	Down	Down	23.61%
Sep 11	F	Weak or Absent	Down	Down	Down	24.56%
Sep 10	D	Weak or Absent	Down	Down	Down	24.03%
Sep 9	D	Weak or Absent	Down	Down	Down	25.25%
Sep 6	D	Weak or Absent	Down	Down	Down	22.51%
Sep 5	D	Weak or Absent	Down	Down	Down	21.64%
Sep 4	D	Weak or Absent	Down	Down	Down	20.53%
Aug 30	D	Weak or Absent	Flat	Down	Up	15.32%
Aug 29	D	Weak or Absent	Flat	Down	Up	15.23%