Trend Table for HLI - Houlihan Lokey, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Weak or Absent	Up	Up	Flat	40.56%
May 17	C	Weak or Absent	Up	Up	Flat	41.87%
May 16	C	Weak or Absent	Up	Up	Down	42.66%
May 15	B	Weak or Absent	Up	Up	Up	39.74%
May 14	A	Weak or Absent	Up	Up	Up	39.06%
May 13	A	Weak or Absent	Up	Up	Up	39.92%
May 10	A	Weak or Absent	Up	Up	Up	40.54%
May 9	A	Weak or Absent	Up	Up	Up	41.34%
May 8	A	Weak or Absent	Up	Up	Up	43.15%
May 7	A	Weak or Absent	Up	Up	Up	41.71%