Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 6	B	Strong	Up	Up	Up	-9.15%
Nov 5	B	Strong	Up	Up	Up	-9.67%
Nov 4	A	Strong	Up	Up	Up	-10.49%
Nov 1	A	Strong	Up	Up	Up	-8.06%
Oct 31	A	Strong	Up	Up	Up	-8.06%
Oct 30	A	Strong	Up	Up	Up	-9.55%
Oct 29	A	Strong	Up	Up	Up	-7.34%
Oct 28	A	Strong	Up	Up	Up	-7.34%
Oct 25	A	Strong	Up	Up	Up	-4.37%
Oct 24	B	Strong	Up	Up	Flat	-3.58%