Trend Table for SB - Safe Bulkers, Inc

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 22	A	Weak or Absent	Up	Up	Up	-12.70%
Apr 19	A	Weak or Absent	Up	Up	Up	-11.62%
Apr 18	A	Weak or Absent	Up	Up	Flat	-10.87%
Apr 17	A	Weak or Absent	Up	Up	Down	-9.74%
Apr 16	A	Weak or Absent	Up	Up	Down	-10.12%
Apr 15	A	Weak or Absent	Up	Up	Down	-10.12%
Apr 12	B	Strong	Up	Up	Down	-9.74%
Apr 11	B	Strong	Up	Up	Down	-11.43%
Apr 10	B	Strong	Up	Up	Down	-10.31%
Apr 9	C	Strong	Up	Up	Down	-10.31%