Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	B	Weak or Absent	Up	Up	Up	38.28%
Jul 19	C	Weak or Absent	Up	Up	Up	39.63%
Jul 18	C	Weak or Absent	Flat	Up	Flat	40.58%
Jul 17	C	Weak or Absent	Flat	Up	Up	40.03%
Jul 14	B	Weak or Absent	Up	Up	Up	39.03%
Jul 13	C	Weak or Absent	Up	Up	Up	39.43%
Jul 12	C	Weak or Absent	Up	Up	Up	39.98%
Jul 11	D	Weak or Absent	Down	Flat	Flat	41.71%
Jul 10	F	Weak or Absent	Down	Down	Flat	42.96%
Jul 7	D	Weak or Absent	Down	Flat	Flat	42.17%