Trend Table for XELB - Xcel Brands, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	F	Weak or Absent	Down	Down	Down	1.11%
May 17	F	Weak or Absent	Down	Down	Up	-7.95%
May 16	F	Weak or Absent	Down	Down	Down	-2.11%
May 15	F	Weak or Absent	Down	Down	Down	-2.11%
May 14	F	Weak or Absent	Down	Down	Down	-3.50%
May 13	F	Weak or Absent	Down	Down	Down	-2.47%
May 10	F	Weak or Absent	Down	Down	Down	-1.61%
May 9	F	Weak or Absent	Down	Down	Down	-1.28%
May 8	F	Weak or Absent	Down	Down	Down	-1.42%
May 7	F	Weak or Absent	Down	Down	Up	-9.51%