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
May 1	B	Weak or Absent	Up	Down	Flat	11.10%
Apr 30	C	Weak or Absent	Up	Down	Flat	11.57%
Apr 29	D	Weak or Absent	Up	Down	Flat	11.19%
Apr 26	D	Weak or Absent	Up	Down	Flat	11.48%
Apr 25	C	Weak or Absent	Up	Down	Down	11.76%
Apr 24	C	Weak or Absent	Up	Down	Flat	10.82%
Apr 23	C	Weak or Absent	Up	Down	Flat	10.53%
Apr 22	C	Weak or Absent	Up	Down	Down	11.38%
Apr 19	C	Weak or Absent	Up	Down	Flat	10.91%
Apr 18	C	Weak or Absent	Up	Down	Flat	10.91%