Trend Table for PFD - Flaherty & Crumrine Preferred Income Fund Incorporated

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 4	A	Weak or Absent	Up	Up	Up	10.47%
Jun 3	B	Weak or Absent	Up	Up	Up	11.22%
May 31	B	Weak or Absent	Up	Up	Flat	11.60%
May 30	B	Weak or Absent	Up	Up	Flat	12.31%
May 29	C	Weak or Absent	Up	Flat	Down	13.30%
May 28	B	Weak or Absent	Up	Up	Flat	12.20%
May 24	B	Weak or Absent	Up	Up	Flat	11.67%
May 23	B	Weak or Absent	Up	Flat	Down	12.69%
May 22	C	Weak or Absent	Up	Up	Flat	11.82%
May 21	B	Weak or Absent	Up	Up	Flat	11.42%