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
Aug 23	B	Strong	Up	Up	Flat	-0.91%
Aug 22	B	Strong	Up	Up	Flat	-0.75%
Aug 21	A	Strong	Up	Up	Flat	-1.07%
Aug 20	A	Strong	Up	Up	Flat	-0.99%
Aug 19	A	Strong	Up	Up	Flat	-0.68%
Aug 16	A	Strong	Up	Up	Flat	-0.68%
Aug 15	A	Strong	Up	Up	Down	-0.44%
Aug 14	A	Strong	Up	Up	Flat	-0.99%
Aug 13	A	Strong	Up	Up	Flat	-0.84%
Aug 12	A	Strong	Up	Up	Flat	-0.84%