Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 3	A	Weak or Absent	Up	Up	Up	-10.81%
Aug 2	A	Weak or Absent	Up	Up	Up	-10.81%
Aug 1	B	Weak or Absent	Up	Up	Up	-12.19%
Jul 31	B	Weak or Absent	Up	Up	Up	-10.81%
Jul 28	B	Weak or Absent	Up	Up	Up	-11.82%
Jul 27	B	Weak or Absent	Up	Up	Up	-9.64%
Jul 26	B	Weak or Absent	Up	Up	Up	-9.51%
Jul 25	B	Weak or Absent	Up	Up	Flat	-8.58%
Jul 24	C	Weak or Absent	Up	Up	Flat	-8.44%
Jul 21	C	Weak or Absent	Up	Up	Down	-7.76%