Trend Table for SB - Safe Bulkers, Inc

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	B	Strong	Up	Up	Up	7.18%
Dec 22	A	Weak or Absent	Up	Up	Up	5.34%
Dec 21	A	Weak or Absent	Up	Up	Up	8.53%
Dec 20	B	Weak or Absent	Up	Up	Up	10.49%
Dec 19	B	Weak or Absent	Up	Up	Up	9.64%
Dec 18	B	Weak or Absent	Up	Up	Up	11.63%
Dec 15	B	Weak or Absent	Up	Up	Up	10.77%
Dec 14	C	Weak or Absent	Up	Up	Up	13.11%
Dec 13	B	Weak or Absent	Up	Up	Flat	13.11%
Dec 12	C	Weak or Absent	Up	Up	Down	14.61%