Trend Table for PFM - PowerShares Dividend Achievers

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 24	B	Strong	Up	Up	Down	6.67%
Jul 23	A	Strong	Up	Up	Flat	5.53%
Jul 22	A	Strong	Up	Up	Up	5.34%
Jul 19	A	Strong	Up	Up	Flat	5.92%
Jul 18	A	Strong	Up	Up	Up	5.17%
Jul 17	A	Strong	Up	Up	Up	4.38%
Jul 16	A	Strong	Up	Up	Up	4.47%
Jul 15	A	Strong	Up	Up	Up	5.85%
Jul 12	B	Strong	Up	Up	Up	6.16%
Jul 11	A	Strong	Up	Up	Up	6.77%