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 6	B	Weak or Absent	Up	Up	Up	11.41%
May 3	C	Weak or Absent	Up	Flat	Up	12.07%
May 2	C	Weak or Absent	Up	Down	Flat	13.02%
May 1	B	Weak or Absent	Up	Down	Flat	13.40%
Apr 30	C	Weak or Absent	Up	Down	Flat	13.89%
Apr 29	D	Weak or Absent	Up	Down	Flat	13.50%
Apr 26	D	Weak or Absent	Up	Down	Flat	13.79%
Apr 25	C	Weak or Absent	Up	Down	Down	14.08%
Apr 24	C	Weak or Absent	Up	Down	Flat	13.11%
Apr 23	C	Weak or Absent	Up	Down	Flat	12.83%