Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 9	A	Weak or Absent	Up	Up	Up	-2.47%
Nov 8	B	Weak or Absent	Down	Up	Down	4.97%
Nov 7	A	Weak or Absent	Flat	Up	Up	2.53%
Nov 6	A	Weak or Absent	Flat	Up	Up	2.71%
Nov 3	A	Weak or Absent	Up	Up	Up	1.69%
Nov 2	A	Weak or Absent	Up	Up	Up	2.20%
Nov 1	A	Weak or Absent	Down	Up	Up	4.09%
Oct 31	A	Weak or Absent	Down	Flat	Down	6.96%
Oct 30	A	Weak or Absent	Down	Up	Down	5.51%
Oct 27	A	Weak or Absent	Down	Up	Down	5.15%