Trend Table for BFS - Saul Centers, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 4	B	Strong	Up	Up	Up	8.01%
Dec 1	B	Weak or Absent	Up	Up	Up	11.81%
Nov 30	B	Weak or Absent	Up	Up	Up	16.05%
Nov 29	B	Weak or Absent	Up	Up	Up	17.67%
Nov 28	B	Weak or Absent	Up	Up	Flat	17.93%
Nov 27	B	Weak or Absent	Up	Up	Flat	18.59%
Nov 24	B	Weak or Absent	Up	Up	Flat	19.05%
Nov 22	D	Weak or Absent	Flat	Up	Flat	19.74%
Nov 21	C	Weak or Absent	Flat	Up	Flat	19.64%
Nov 20	B	Weak or Absent	Flat	Up	Flat	19.21%