Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 24	F	Weak or Absent	Down	Down	Down	-4.78%
Oct 23	F	Weak or Absent	Down	Down	Down	-3.71%
Oct 22	F	Weak or Absent	Down	Down	Down	-6.13%
Oct 21	F	Weak or Absent	Down	Down	Down	-6.13%
Oct 18	F	Weak or Absent	Down	Down	Down	-8.15%
Oct 17	F	Weak or Absent	Down	Down	Down	-7.30%
Oct 16	F	Weak or Absent	Down	Down	Down	-6.28%
Oct 15	D	Weak or Absent	Down	Down	Down	-4.33%
Oct 14	D	Weak or Absent	Down	Down	Down	-8.01%
Oct 11	D	Weak or Absent	Down	Up	Down	-11.29%