Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	B	Weak or Absent	Down	Up	Up	32.74%
Dec 12	B	Weak or Absent	Down	Up	Flat	34.51%
Dec 9	B	Weak or Absent	Down	Up	Flat	34.55%
Dec 8	B	Weak or Absent	Down	Up	Flat	34.82%
Dec 7	B	Weak or Absent	Down	Up	Up	34.37%
Dec 6	B	Weak or Absent	Down	Up	Up	34.91%
Dec 5	B	Weak or Absent	Down	Up	Up	34.91%
Dec 2	C	Weak or Absent	Down	Up	Up	33.53%
Dec 1	C	Weak or Absent	Down	Up	Up	34.55%
Nov 30	C	Weak or Absent	Down	Up	Up	35.32%