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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 21	C	Strong	Up	Up	Down	19.48%
Nov 20	B	Strong	Up	Up	Flat	17.94%
Nov 17	B	Strong	Up	Up	Up	16.82%
Nov 16	B	Strong	Up	Up	Down	19.48%
Nov 15	A	Strong	Up	Up	Up	15.79%
Nov 14	B	Weak or Absent	Up	Up	Up	17.25%
Nov 13	B	Weak or Absent	Up	Up	Flat	18.97%
Nov 10	A	Weak or Absent	Up	Up	Down	20.22%
Nov 9	A	Weak or Absent	Up	Up	Down	20.22%
Nov 8	A	Weak or Absent	Up	Up	Up	17.59%