Trend Table for XELB - Xcel Brands, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	B	Strong	Flat	Up	Up	-19.47%
May 19	C	Strong	Down	Up	Up	-18.51%
May 18	C	Strong	Down	Up	Up	-18.98%
May 17	C	Strong	Down	Up	Up	-16.52%
May 16	C	Strong	Down	Up	Up	-11.10%
May 15	D	Strong	Down	Up	Up	3.40%
May 12	D	Strong	Down	Down	Up	8.65%
May 11	D	Strong	Down	Down	Up	10.40%
May 10	C	Strong	Down	Flat	Up	3.35%
May 9	D	Strong	Down	Down	Up	5.29%