Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 15	F	Strong	Down	Down	Flat	-7.78%
Aug 14	F	Strong	Down	Down	Down	-6.18%
Aug 13	F	Strong	Down	Down	Down	-7.49%
Aug 12	F	Strong	Down	Down	Down	-6.33%
Aug 9	F	Strong	Down	Down	Down	-7.78%
Aug 8	F	Strong	Down	Down	Down	-8.90%
Aug 7	D	Strong	Down	Down	Down	-8.20%
Aug 6	D	Strong	Down	Down	Down	-10.14%
Aug 5	D	Strong	Down	Down	Down	-8.49%
Aug 2	F	Weak or Absent	Down	Down	Down	-10.14%