Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 3	A	Strong	Up	Up	Up	1.35%
Mar 2	A	Strong	Up	Up	Up	3.80%
Mar 1	A	Strong	Up	Up	Up	5.23%
Feb 28	A	Strong	Up	Up	Up	3.64%
Feb 27	A	Strong	Up	Up	Up	4.59%
Feb 24	A	Strong	Up	Up	Up	7.65%
Feb 23	A	Strong	Up	Up	Up	4.59%
Feb 22	A	Strong	Up	Up	Up	10.90%
Feb 21	B	Strong	Up	Up	Down	14.72%
Feb 17	A	Strong	Up	Up	Flat	13.60%