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
Apr 12	B	Weak or Absent	Up	Down	Down	1.95%
Apr 11	C	Weak or Absent	Up	Down	Down	2.01%
Apr 10	C	Weak or Absent	Up	Down	Down	2.36%
Apr 9	C	Weak or Absent	Up	Flat	Down	1.16%
Apr 8	C	Weak or Absent	Up	Flat	Down	1.16%
Apr 5	B	Weak or Absent	Up	Flat	Down	1.33%
Apr 4	B	Weak or Absent	Up	Up	Down	0.91%
Apr 3	C	Weak or Absent	Up	Up	Down	0.99%
Apr 2	A	Weak or Absent	Up	Up	Flat	0.24%
Apr 1	B	Weak or Absent	Up	Up	Flat	-0.01%