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 2	B	Strong	Up	Up	Up	16.05%
Feb 1	B	Strong	Up	Up	Up	15.67%
Jan 31	B	Strong	Up	Up	Up	15.10%
Jan 30	B	Strong	Up	Up	Up	18.02%
Jan 27	C	Strong	Up	Up	Flat	20.46%
Jan 26	C	Strong	Up	Up	Down	21.93%
Jan 25	B	Strong	Up	Up	Up	19.63%
Jan 24	B	Strong	Up	Up	Up	18.62%
Jan 23	B	Strong	Up	Up	Up	20.04%
Jan 20	B	Strong	Up	Up	Up	17.22%