Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	B	Weak or Absent	Up	Up	Up	-28.92%
Feb 22	B	Weak or Absent	Up	Up	Up	-28.25%
Feb 21	C	Weak or Absent	Up	Up	Flat	-27.31%
Feb 20	C	Weak or Absent	Up	Flat	Down	-25.99%
Feb 16	C	Weak or Absent	Up	Up	Down	-26.79%
Feb 15	C	Strong	Up	Up	Flat	-28.25%
Feb 14	C	Strong	Up	Up	Down	-26.79%
Feb 13	C	Strong	Up	Flat	Down	-25.18%
Feb 12	C	Strong	Up	Up	Down	-28.92%
Feb 9	C	Strong	Up	Up	Down	-28.51%