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
Jul 23	A	Weak or Absent	Up	Up	Flat	4.71%
Jul 22	A	Weak or Absent	Up	Up	Flat	4.88%
Jul 19	C	Weak or Absent	Up	Up	Down	5.90%
Jul 18	A	Weak or Absent	Up	Up	Flat	4.88%
Jul 17	B	Weak or Absent	Up	Up	Flat	4.88%
Jul 16	B	Strong	Up	Up	Flat	4.54%
Jul 15	B	Strong	Up	Up	Flat	5.04%
Jul 12	B	Strong	Up	Up	Up	4.20%
Jul 11	B	Weak or Absent	Up	Up	Up	4.54%
Jul 10	C	Weak or Absent	Up	Up	Flat	5.47%