Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 3	B	Weak or Absent	Up	Up	Up	0.00%
Jul 2	B	Weak or Absent	Up	Up	Up	0.25%
Jul 1	B	Weak or Absent	Up	Up	Up	1.54%
Jun 28	B	Weak or Absent	Up	Up	Up	1.02%
Jun 27	B	Weak or Absent	Up	Up	Up	2.20%
Jun 26	B	Weak or Absent	Up	Up	Flat	3.53%
Jun 25	B	Weak or Absent	Up	Up	Up	1.67%
Jun 24	C	Weak or Absent	Up	Up	Down	4.22%
Jun 21	C	Weak or Absent	Up	Up	Down	4.63%
Jun 20	C	Weak or Absent	Up	Up	Down	3.53%