Trend Table for NZF - Nuveen Dividend Advantage Municipal Fund 3

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 4	A	Weak or Absent	Up	Up	Up	9.71%
Jun 3	A	Weak or Absent	Up	Up	Flat	10.81%
May 31	A	Weak or Absent	Up	Flat	Flat	11.37%
May 30	C	Weak or Absent	Up	Down	Down	12.50%
May 29	C	Weak or Absent	Up	Down	Down	12.98%
May 28	C	Weak or Absent	Up	Flat	Down	12.22%
May 24	B	Weak or Absent	Up	Flat	Down	11.37%
May 23	A	Weak or Absent	Up	Flat	Down	11.65%
May 22	B	Weak or Absent	Up	Up	Flat	10.72%
May 21	A	Weak or Absent	Up	Up	Flat	10.08%