Trend Table for SHOO - Steven Madden, Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	F	Strong	Down	Down	Down	50.62%
May 19	D	Strong	Down	Down	Down	51.44%
May 18	D	Strong	Flat	Down	Flat	43.70%
May 17	C	Strong	Up	Down	Flat	43.39%
May 16	D	Strong	Down	Down	Down	45.75%
May 15	C	Weak or Absent	Up	Down	Down	43.52%
May 12	C	Weak or Absent	Up	Down	Down	43.04%
May 11	C	Weak or Absent	Up	Down	Down	42.82%
May 10	C	Weak or Absent	Up	Down	Down	42.17%
May 9	C	Weak or Absent	Up	Down	Flat	40.18%