Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 26	A	Weak or Absent	Flat	Up	Flat	3.74%
Oct 25	A	Weak or Absent	Down	Up	Down	4.09%
Oct 24	A	Weak or Absent	Down	Up	Down	4.44%
Oct 23	A	Weak or Absent	Down	Up	Down	6.05%
Oct 20	A	Weak or Absent	Flat	Up	Down	3.91%
Oct 19	A	Weak or Absent	Down	Up	Down	4.61%
Oct 18	A	Weak or Absent	Up	Up	Flat	1.69%
Oct 17	A	Weak or Absent	Up	Up	Up	0.87%
Oct 16	A	Weak or Absent	Up	Up	Up	2.20%
Oct 13	A	Weak or Absent	Up	Up	Up	2.20%