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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 25	D	Strong	Down	Down	Down	-3.87%
May 24	D	Strong	Down	Down	Down	-4.39%
May 23	D	Strong	Down	Down	Down	-4.66%
May 22	D	Strong	Down	Down	Down	-4.48%
May 19	D	Strong	Down	Down	Down	-4.22%
May 18	D	Strong	Down	Down	Down	-4.96%
May 17	D	Weak or Absent	Down	Down	Down	-5.00%
May 16	D	Weak or Absent	Down	Down	Down	-3.50%
May 15	D	Weak or Absent	Down	Down	Down	-3.33%
May 12	C	Weak or Absent	Flat	Down	Down	-8.68%