Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 22	A	Weak or Absent	Up	Up	Up	38.79%
Apr 19	A	Strong	Up	Flat	Flat	39.65%
Apr 18	B	Strong	Up	Down	Down	40.63%
Apr 17	B	Strong	Up	Down	Down	40.95%
Apr 16	B	Strong	Up	Down	Down	42.78%
Apr 15	B	Strong	Up	Down	Down	41.94%
Apr 12	B	Weak or Absent	Up	Flat	Down	39.60%
Apr 11	B	Weak or Absent	Up	Up	Down	38.70%
Apr 10	B	Strong	Up	Up	Down	37.60%
Apr 9	A	Strong	Up	Up	Flat	35.70%