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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Weak or Absent	Up	Up	Flat	11.42%
May 17	B	Weak or Absent	Up	Up	Flat	11.52%
May 16	B	Weak or Absent	Up	Up	Flat	11.54%
May 15	B	Weak or Absent	Up	Up	Up	11.52%
May 14	C	Weak or Absent	Up	Flat	Flat	12.61%
May 13	B	Strong	Up	Up	Up	11.96%
May 10	C	Strong	Up	Up	Up	12.28%
May 9	C	Strong	Up	Up	Up	11.96%
May 8	C	Strong	Up	Up	Up	12.06%
May 7	C	Strong	Up	Up	Up	11.52%