Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	D	Weak or Absent	Down	Down	Down	42.90%
May 19	C	Weak or Absent	Down	Down	Down	42.23%
May 18	D	Weak or Absent	Down	Down	Down	41.92%
May 17	C	Weak or Absent	Down	Down	Down	41.51%
May 16	C	Weak or Absent	Down	Flat	Down	40.80%
May 15	C	Weak or Absent	Down	Up	Flat	39.50%
May 12	C	Weak or Absent	Down	Up	Flat	38.67%
May 11	C	Weak or Absent	Down	Up	Down	39.50%
May 10	C	Weak or Absent	Down	Up	Flat	38.38%
May 9	C	Weak or Absent	Down	Up	Flat	38.96%