Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 6	A	Weak or Absent	Up	Up	Up	10.23%
Oct 5	A	Weak or Absent	Up	Flat	Up	11.52%
Oct 4	B	Weak or Absent	Flat	Down	Up	12.28%
Oct 3	A	Weak or Absent	Up	Flat	Up	11.52%
Oct 2	B	Strong	Flat	Down	Up	12.28%
Sep 29	C	Strong	Flat	Down	Up	13.04%
Sep 28	C	Strong	Flat	Down	Up	13.23%
Sep 27	C	Strong	Down	Down	Up	16.41%
Sep 26	C	Strong	Down	Down	Up	15.20%
Sep 25	C	Strong	Down	Down	Up	16.82%