Trend Table for SHOO - Steven Madden, Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Flat	4.72%
May 17	C	Weak or Absent	Up	Up	Flat	5.17%
May 16	C	Weak or Absent	Up	Up	Up	4.89%
May 15	C	Weak or Absent	Up	Up	Up	3.12%
May 14	B	Weak or Absent	Up	Up	Up	3.21%
May 13	C	Weak or Absent	Up	Up	Up	4.42%
May 10	C	Weak or Absent	Up	Up	Up	5.91%
May 9	C	Weak or Absent	Up	Up	Up	5.27%
May 8	D	Weak or Absent	Up	Flat	Up	7.49%
May 7	D	Weak or Absent	Up	Down	Up	7.89%