Trend Table for PNM - PNM Resources, Inc. (Holding Co.)

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 29	F	Weak or Absent	Down	Down	Down	3.12%
Dec 28	F	Weak or Absent	Down	Down	Down	3.04%
Dec 27	F	Weak or Absent	Down	Down	Down	3.12%
Dec 26	F	Weak or Absent	Down	Down	Down	2.23%
Dec 22	F	Weak or Absent	Down	Down	Down	2.01%
Dec 21	F	Weak or Absent	Down	Flat	Flat	0.53%
Dec 20	F	Weak or Absent	Down	Down	Flat	1.17%
Dec 19	F	Weak or Absent	Down	Up	Up	-0.24%
Dec 18	F	Weak or Absent	Down	Up	Up	-0.47%
Dec 15	F	Weak or Absent	Down	Flat	Up	-0.17%