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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	F	Weak or Absent	Down	Down	Down	2.79%
Dec 13	F	Weak or Absent	Down	Down	Up	0.81%
Dec 12	F	Weak or Absent	Down	Down	Down	2.30%
Dec 11	F	Weak or Absent	Down	Down	Up	1.07%
Dec 8	F	Weak or Absent	Down	Down	Up	0.60%
Dec 7	F	Weak or Absent	Down	Down	Up	0.55%
Dec 6	F	Weak or Absent	Down	Down	Up	0.72%
Dec 5	F	Weak or Absent	Down	Down	Flat	2.06%
Dec 4	F	Weak or Absent	Down	Down	Up	1.53%
Dec 1	F	Weak or Absent	Down	Down	Flat	1.53%