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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 23	B	Weak or Absent	Up	Up	Up	4.60%
Jul 22	B	Weak or Absent	Up	Up	Up	4.29%
Jul 19	B	Weak or Absent	Up	Up	Up	5.58%
Jul 18	B	Weak or Absent	Up	Up	Up	5.42%
Jul 17	C	Weak or Absent	Up	Up	Up	5.18%
Jul 16	D	Weak or Absent	Up	Up	Up	7.63%
Jul 15	D	Weak or Absent	Flat	Up	Up	8.78%
Jul 12	D	Weak or Absent	Flat	Up	Up	8.47%
Jul 11	D	Weak or Absent	Down	Up	Up	9.43%
Jul 10	D	Weak or Absent	Down	Down	Up	13.21%