Trend Table for SB - Safe Bulkers, Inc

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	B	Strong	Up	Up	Up	3.97%
Dec 22	A	Weak or Absent	Up	Up	Up	2.18%
Dec 21	A	Weak or Absent	Up	Up	Up	5.28%
Dec 20	B	Weak or Absent	Up	Up	Up	7.18%
Dec 19	B	Weak or Absent	Up	Up	Up	6.36%
Dec 18	B	Weak or Absent	Up	Up	Up	8.29%
Dec 15	B	Weak or Absent	Up	Up	Up	7.45%
Dec 14	C	Weak or Absent	Up	Up	Up	9.72%
Dec 13	B	Weak or Absent	Up	Up	Flat	9.72%
Dec 12	C	Weak or Absent	Up	Up	Down	11.18%