Trend Table for INDB - Independent Bank Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 4	C	Strong	Up	Up	Up	4.36%
Dec 1	C	Strong	Up	Up	Up	4.52%
Nov 30	C	Strong	Up	Up	Up	9.56%
Nov 29	C	Strong	Up	Up	Up	9.85%
Nov 28	C	Weak or Absent	Up	Up	Down	12.54%
Nov 27	C	Strong	Up	Up	Flat	12.60%
Nov 24	C	Strong	Up	Up	Up	12.18%
Nov 22	C	Strong	Up	Up	Up	12.48%
Nov 21	C	Strong	Flat	Up	Up	13.25%
Nov 20	C	Strong	Up	Up	Up	10.59%