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
Jan 24	B	Strong	Up	Up	Flat	1.69%
Jan 23	B	Strong	Up	Up	Up	1.35%
Jan 22	D	Strong	Up	Down	Down	3.97%
Jan 19	D	Strong	Up	Down	Down	5.60%
Jan 18	D	Strong	Up	Down	Down	5.66%
Jan 17	C	Strong	Up	Up	Down	1.94%
Jan 16	C	Strong	Up	Up	Flat	1.73%
Jan 12	B	Strong	Up	Up	Flat	0.73%
Jan 11	B	Strong	Up	Up	Up	-1.27%
Jan 10	B	Strong	Up	Up	Flat	0.60%