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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	D	Weak or Absent	Down	Flat	Down	14.01%
May 22	D	Weak or Absent	Down	Up	Down	11.38%
May 21	D	Weak or Absent	Down	Up	Up	8.11%
May 20	D	Weak or Absent	Down	Up	Up	8.95%
May 17	D	Weak or Absent	Down	Up	Up	9.09%
May 16	D	Weak or Absent	Down	Up	Up	9.12%
May 15	D	Weak or Absent	Down	Up	Flat	9.83%
May 14	C	Weak or Absent	Down	Up	Flat	10.58%
May 13	C	Weak or Absent	Down	Up	Flat	10.64%
May 10	C	Weak or Absent	Down	Up	Flat	10.70%