Trend Table for PMM - Putnam Managed Municipal Income Trust

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Flat	5.10%
May 17	B	Weak or Absent	Up	Up	Up	4.56%
May 16	C	Weak or Absent	Up	Up	Up	4.91%
May 15	C	Weak or Absent	Up	Up	Flat	5.44%
May 14	C	Weak or Absent	Up	Flat	Flat	5.88%
May 13	C	Weak or Absent	Up	Flat	Up	5.70%
May 10	C	Strong	Up	Up	Up	5.35%
May 9	C	Strong	Up	Up	Up	4.74%
May 8	C	Strong	Up	Up	Up	5.26%
May 7	C	Strong	Up	Flat	Up	5.61%