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
Jan 17	B	Strong	Up	Up	Flat	7.90%
Jan 16	B	Strong	Up	Up	Flat	7.72%
Jan 12	B	Strong	Up	Up	Up	6.01%
Jan 11	B	Strong	Up	Up	Up	6.86%
Jan 10	C	Strong	Up	Up	Down	9.14%
Jan 9	B	Strong	Up	Up	Flat	8.43%
Jan 8	B	Strong	Up	Up	Flat	8.08%
Jan 5	C	Strong	Up	Up	Flat	8.96%
Jan 4	C	Strong	Up	Up	Flat	8.96%
Jan 3	B	Strong	Up	Up	Up	7.90%