Trend Table for NZF - Nuveen Dividend Advantage Municipal Fund 3

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 10	B	Weak or Absent	Up	Up	Up	0.00%
May 9	B	Weak or Absent	Up	Up	Up	-0.50%
May 8	A	Weak or Absent	Up	Up	Up	-0.25%
May 7	A	Weak or Absent	Up	Up	Up	-0.17%
May 6	B	Weak or Absent	Up	Up	Up	0.75%
May 3	C	Weak or Absent	Up	Flat	Up	1.35%
May 2	C	Weak or Absent	Up	Down	Flat	2.21%
May 1	B	Weak or Absent	Up	Down	Flat	2.56%
Apr 30	C	Weak or Absent	Up	Down	Flat	2.99%
Apr 29	D	Weak or Absent	Up	Down	Flat	2.64%