Trend Table for PFO - Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	A	Strong	Up	Up	Flat	7.67%
Jul 31	A	Strong	Up	Up	Flat	7.67%
Jul 30	A	Strong	Up	Up	Flat	7.54%
Jul 29	A	Strong	Up	Up	Flat	8.04%
Jul 26	A	Strong	Up	Up	Flat	7.79%
Jul 25	A	Strong	Up	Up	Flat	7.92%
Jul 24	A	Strong	Up	Up	Flat	7.92%
Jul 23	A	Strong	Up	Up	Flat	7.77%
Jul 22	A	Strong	Up	Up	Flat	7.77%
Jul 19	A	Strong	Up	Up	Up	7.83%