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 20	C	Weak or Absent	Up	Up	Flat	5.95%
May 17	B	Weak or Absent	Up	Up	Up	5.41%
May 16	C	Weak or Absent	Up	Up	Up	5.76%
May 15	C	Weak or Absent	Up	Up	Flat	6.29%
May 14	C	Weak or Absent	Up	Flat	Flat	6.74%
May 13	C	Weak or Absent	Up	Flat	Up	6.56%
May 10	C	Strong	Up	Up	Up	6.20%
May 9	C	Strong	Up	Up	Up	5.59%
May 8	C	Strong	Up	Up	Up	6.12%
May 7	C	Strong	Up	Flat	Up	6.47%