Trend Table for HPS - John Hancock Preferred Income Fund III Preferred Income Fund III

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	F	Weak or Absent	Down	Down	Down	44.45%
May 12	F	Weak or Absent	Down	Down	Down	44.07%
May 11	F	Weak or Absent	Down	Down	Down	43.36%
May 10	F	Weak or Absent	Down	Down	Down	40.48%
May 9	F	Weak or Absent	Down	Down	Down	39.85%
May 8	F	Weak or Absent	Down	Down	Down	37.93%
May 5	F	Weak or Absent	Down	Down	Down	36.74%
May 4	F	Weak or Absent	Down	Down	Down	39.85%
May 3	F	Weak or Absent	Down	Down	Down	36.45%
May 2	D	Weak or Absent	Down	Down	Down	34.61%