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
Dec 21	B	Strong	Up	Up	Flat	11.78%
Dec 20	B	Strong	Up	Up	Up	11.31%
Dec 19	B	Strong	Up	Up	Up	10.38%
Dec 18	B	Strong	Up	Up	Up	10.38%
Dec 15	B	Strong	Up	Up	Up	10.10%
Dec 14	B	Strong	Up	Up	Up	11.22%
Dec 13	B	Strong	Up	Up	Up	13.24%
Dec 12	B	Strong	Up	Up	Flat	13.83%
Dec 11	B	Strong	Up	Up	Flat	14.22%
Dec 8	B	Strong	Up	Up	Up	14.12%