Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 12	A	Weak or Absent	Up	Up	Flat	3.05%
Oct 11	A	Weak or Absent	Up	Up	Up	2.53%
Oct 10	A	Weak or Absent	Up	Up	Up	1.36%
Oct 9	A	Weak or Absent	Up	Up	Up	0.87%
Oct 6	A	Weak or Absent	Up	Up	Up	2.71%
Oct 5	A	Weak or Absent	Up	Flat	Up	3.91%
Oct 4	B	Weak or Absent	Flat	Down	Up	4.61%
Oct 3	A	Weak or Absent	Up	Flat	Up	3.91%
Oct 2	B	Strong	Flat	Down	Up	4.61%
Sep 29	C	Strong	Flat	Down	Up	5.33%