Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 9	D	Strong	Down	Down	Down	13.78%
Nov 8	C	Strong	Up	Down	Down	10.97%
Nov 7	B	Strong	Up	Flat	Up	-0.38%
Nov 6	B	Strong	Up	Up	Up	-0.77%
Nov 3	B	Strong	Up	Up	Up	-1.51%
Nov 2	B	Strong	Up	Down	Up	0.73%
Nov 1	B	Strong	Up	Down	Up	5.95%
Oct 31	B	Strong	Up	Down	Up	9.19%
Oct 30	B	Strong	Up	Down	Flat	10.62%
Oct 27	C	Strong	Flat	Down	Down	13.32%