Trend Table for PMM - Putnam Managed Municipal Income Trust

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	C	Weak or Absent	Up	Flat	Flat	9.53%
May 23	B	Weak or Absent	Up	Flat	Flat	9.35%
May 22	C	Weak or Absent	Up	Flat	Flat	9.23%
May 21	B	Weak or Absent	Up	Up	Flat	8.51%
May 20	C	Weak or Absent	Up	Up	Flat	8.71%
May 17	C	Weak or Absent	Up	Up	Up	8.15%
May 16	C	Weak or Absent	Up	Up	Up	8.51%
May 15	C	Weak or Absent	Up	Up	Flat	9.05%
May 14	C	Weak or Absent	Up	Flat	Flat	9.51%
May 13	C	Weak or Absent	Up	Flat	Up	9.32%