Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	D	Weak or Absent	Up	Down	Up	41.73%
Feb 22	D	Weak or Absent	Up	Down	Up	42.49%
Feb 21	C	Weak or Absent	Up	Down	Up	42.71%
Feb 20	D	Weak or Absent	Up	Down	Flat	43.49%
Feb 16	D	Strong	Up	Down	Flat	43.16%
Feb 15	D	Strong	Up	Down	Flat	43.10%
Feb 14	D	Strong	Flat	Down	Down	44.16%
Feb 13	D	Strong	Flat	Down	Down	44.78%
Feb 12	D	Weak or Absent	Flat	Down	Down	43.83%
Feb 9	D	Weak or Absent	Down	Down	Down	45.17%