Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Strong	Up	Up	Up	-24.22%
May 17	C	Strong	Up	Up	Up	-23.06%
May 16	C	Strong	Up	Up	Up	-23.16%
May 15	C	Strong	Up	Up	Up	-23.35%
May 14	C	Strong	Up	Up	Up	-23.64%
May 13	B	Strong	Up	Up	Up	-22.56%
May 10	B	Weak or Absent	Up	Up	Up	-20.10%
May 9	B	Weak or Absent	Up	Up	Up	-22.27%
May 8	B	Weak or Absent	Up	Up	Up	-21.35%
May 7	C	Weak or Absent	Up	Up	Up	-19.14%