Trend Table for ARE - Alexandria Real Estate Equities, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	F	Weak or Absent	Down	Down	Down	1.06%
May 22	F	Weak or Absent	Down	Down	Down	1.42%
May 19	F	Weak or Absent	Down	Down	Down	3.07%
May 18	F	Weak or Absent	Down	Down	Down	2.10%
May 17	F	Weak or Absent	Down	Down	Down	0.28%
May 16	F	Weak or Absent	Down	Down	Down	1.58%
May 15	F	Weak or Absent	Down	Down	Flat	-1.20%
May 12	F	Weak or Absent	Down	Down	Down	-0.08%
May 11	D	Weak or Absent	Down	Down	Down	-0.87%
May 10	D	Weak or Absent	Down	Down	Flat	-2.39%