Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 29	B	Weak or Absent	Up	Up	Up	-21.03%
Feb 28	C	Weak or Absent	Up	Down	Down	-19.49%
Feb 27	C	Weak or Absent	Up	Flat	Flat	-20.16%
Feb 26	B	Weak or Absent	Up	Up	Up	-21.47%
Feb 23	B	Weak or Absent	Up	Up	Up	-22.02%
Feb 22	B	Weak or Absent	Up	Up	Up	-21.29%
Feb 21	C	Weak or Absent	Up	Up	Flat	-20.26%
Feb 20	C	Weak or Absent	Up	Flat	Down	-18.80%
Feb 16	C	Weak or Absent	Up	Up	Down	-19.68%
Feb 15	C	Strong	Up	Up	Flat	-21.29%