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 1	A	Strong	Up	Up	Up	1.71%
Jul 31	A	Strong	Up	Up	Up	3.16%
Jul 30	A	Strong	Up	Up	Up	3.82%
Jul 29	A	Strong	Up	Up	Flat	5.16%
Jul 26	A	Strong	Up	Up	Up	4.99%
Jul 25	A	Strong	Up	Up	Flat	5.67%
Jul 24	A	Strong	Up	Up	Down	6.36%
Jul 23	B	Strong	Up	Up	Flat	5.67%
Jul 22	B	Strong	Up	Up	Flat	5.76%
Jul 19	A	Strong	Up	Up	Flat	6.02%