Trend Table for PMO - Putnam Municipal Opportunities Trust

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	C	Weak or Absent	Down	Flat	Down	8.15%
Dec 19	B	Weak or Absent	Down	Up	Down	7.24%
Dec 16	C	Weak or Absent	Down	Up	Flat	5.66%
Dec 15	B	Weak or Absent	Down	Up	Flat	5.17%
Dec 14	C	Weak or Absent	Down	Up	Down	6.94%
Dec 13	C	Strong	Down	Up	Down	7.34%
Dec 12	C	Strong	Down	Up	Down	8.15%
Dec 9	C	Strong	Down	Up	Down	7.24%
Dec 8	C	Strong	Down	Up	Down	5.46%
Dec 7	C	Strong	Down	Up	Down	3.65%