Trend Table for NUV - Nuveen Municipal Value Fund, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	B	Weak or Absent	Down	Up	Up	9.57%
Dec 30	B	Weak or Absent	Down	Up	Flat	10.85%
Dec 29	C	Weak or Absent	Down	Up	Flat	10.85%
Dec 28	C	Weak or Absent	Down	Flat	Down	12.15%
Dec 27	D	Weak or Absent	Down	Down	Down	12.81%
Dec 23	C	Strong	Down	Flat	Down	11.63%
Dec 22	C	Strong	Down	Flat	Down	11.76%
Dec 21	C	Strong	Down	Up	Down	11.24%
Dec 20	C	Strong	Down	Flat	Down	11.50%
Dec 19	C	Strong	Down	Up	Down	10.34%