Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	C	Weak or Absent	Down	Flat	Down	41.53%
Dec 27	B	Weak or Absent	Down	Up	Down	40.45%
Dec 23	B	Weak or Absent	Down	Up	Down	39.86%
Dec 22	B	Weak or Absent	Down	Up	Down	41.33%
Dec 21	B	Weak or Absent	Down	Up	Down	40.65%
Dec 20	B	Weak or Absent	Down	Flat	Down	42.53%
Dec 19	B	Weak or Absent	Down	Up	Down	41.88%
Dec 16	B	Weak or Absent	Down	Up	Down	39.34%
Dec 15	B	Weak or Absent	Down	Up	Down	35.64%
Dec 14	B	Weak or Absent	Down	Up	Up	32.48%