Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	B	Weak or Absent	Up	Up	Up	-7.41%
Feb 22	B	Weak or Absent	Up	Up	Up	-5.73%
Feb 21	B	Weak or Absent	Up	Up	Up	-7.90%
Feb 20	B	Weak or Absent	Up	Up	Up	-6.71%
Feb 16	B	Weak or Absent	Up	Up	Up	-2.90%
Feb 15	B	Weak or Absent	Up	Up	Up	-2.90%
Feb 14	B	Weak or Absent	Up	Up	Up	-2.12%
Feb 13	B	Weak or Absent	Up	Flat	Flat	1.60%
Feb 12	B	Weak or Absent	Up	Up	Up	-1.16%
Feb 9	B	Weak or Absent	Up	Up	Up	-0.91%