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 16	A	Strong	Up	Up	Up	13.05%
Feb 15	B	Strong	Up	Up	Flat	13.78%
Feb 14	A	Strong	Up	Up	Up	11.96%
Feb 13	A	Strong	Up	Up	Up	12.87%
Feb 10	A	Strong	Up	Up	Up	13.60%
Feb 9	A	Strong	Up	Up	Up	11.07%
Feb 8	A	Strong	Up	Up	Up	14.16%
Feb 7	B	Strong	Up	Up	Up	16.05%
Feb 6	B	Strong	Up	Up	Up	16.25%
Feb 3	B	Strong	Up	Up	Up	16.05%