Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Strong	Up	Up	Up	27.16%
May 17	B	Strong	Up	Up	Up	27.12%
May 16	A	Strong	Up	Up	Up	26.49%
May 15	B	Strong	Up	Up	Up	27.52%
May 14	A	Strong	Up	Up	Up	28.52%
May 13	A	Strong	Up	Up	Up	28.16%
May 10	A	Weak or Absent	Up	Up	Up	28.98%
May 9	A	Weak or Absent	Up	Up	Up	30.19%
May 8	A	Weak or Absent	Up	Up	Up	32.00%
May 7	A	Weak or Absent	Up	Up	Up	32.58%