Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 14	A	Strong	Up	Up	Up	0.78%
May 13	A	Strong	Up	Up	Up	0.50%
May 10	A	Weak or Absent	Up	Up	Up	1.14%
May 9	A	Weak or Absent	Up	Up	Up	2.09%
May 8	A	Weak or Absent	Up	Up	Up	3.51%
May 7	A	Weak or Absent	Up	Up	Up	3.96%
May 6	A	Weak or Absent	Up	Up	Up	5.00%
May 3	A	Weak or Absent	Up	Up	Up	6.30%
May 2	A	Weak or Absent	Up	Up	Up	6.98%
May 1	A	Weak or Absent	Up	Up	Flat	8.04%