Trend Table for PMO - Putnam Municipal Opportunities Trust

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	C	Weak or Absent	Up	Up	Flat	8.74%
May 23	B	Weak or Absent	Up	Flat	Down	9.18%
May 22	B	Weak or Absent	Up	Up	Flat	8.24%
May 21	B	Strong	Up	Up	Up	8.04%
May 20	B	Weak or Absent	Up	Up	Up	8.15%
May 17	B	Weak or Absent	Up	Up	Up	7.99%
May 16	B	Weak or Absent	Up	Up	Up	7.72%
May 15	C	Weak or Absent	Up	Up	Up	8.03%
May 14	C	Weak or Absent	Up	Up	Up	9.11%
May 13	C	Weak or Absent	Up	Flat	Up	9.34%