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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 12	C	Weak or Absent	Up	Up	Up	5.16%
Dec 11	D	Weak or Absent	Up	Flat	Up	6.41%
Dec 8	D	Weak or Absent	Up	Down	Flat	7.06%
Dec 7	D	Weak or Absent	Up	Down	Flat	7.35%
Dec 6	D	Weak or Absent	Up	Down	Down	8.96%
Dec 5	D	Weak or Absent	Up	Down	Flat	7.15%
Dec 4	D	Weak or Absent	Up	Down	Up	6.86%
Nov 30	D	Weak or Absent	Up	Down	Flat	7.85%
Nov 29	D	Weak or Absent	Up	Down	Up	7.15%
Nov 28	D	Weak or Absent	Up	Down	Up	6.29%