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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 30	F	Weak or Absent	Down	Down	Down	3.19%
Nov 29	F	Weak or Absent	Down	Down	Down	2.99%
Nov 28	F	Weak or Absent	Down	Down	Down	2.50%
Nov 27	F	Weak or Absent	Down	Down	Down	1.92%
Nov 24	F	Weak or Absent	Down	Down	Down	2.13%
Nov 22	F	Weak or Absent	Down	Down	Down	1.87%
Nov 21	F	Weak or Absent	Down	Down	Down	2.30%
Nov 20	F	Weak or Absent	Down	Down	Down	1.46%
Nov 17	F	Weak or Absent	Down	Flat	Up	-0.70%
Nov 16	D	Strong	Down	Flat	Up	-1.57%