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
Jul 26	A	Strong	Up	Up	Up	2.20%
Jul 25	A	Strong	Up	Up	Flat	2.86%
Jul 24	A	Strong	Up	Up	Down	3.53%
Jul 23	B	Strong	Up	Up	Flat	2.86%
Jul 22	B	Strong	Up	Up	Flat	2.95%
Jul 19	A	Strong	Up	Up	Flat	3.20%
Jul 18	A	Strong	Up	Up	Flat	3.11%
Jul 17	B	Strong	Up	Up	Flat	2.61%
Jul 16	B	Strong	Up	Up	Flat	2.61%
Jul 15	B	Strong	Up	Up	Flat	2.45%