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
Jan 25	B	Weak or Absent	Up	Up	Flat	17.46%
Jan 24	B	Weak or Absent	Up	Up	Up	16.55%
Jan 23	B	Weak or Absent	Up	Up	Up	17.37%
Jan 20	B	Weak or Absent	Up	Up	Flat	17.78%
Jan 19	A	Weak or Absent	Up	Up	Flat	17.78%
Jan 18	B	Weak or Absent	Up	Up	Up	16.47%
Jan 17	B	Weak or Absent	Flat	Flat	Flat	18.67%
Jan 13	B	Weak or Absent	Flat	Up	Flat	18.54%
Jan 12	C	Weak or Absent	Flat	Flat	Down	19.24%
Jan 11	A	Weak or Absent	Up	Up	Up	16.72%