Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Strong	Up	Up	Down	24.13%
May 23	B	Strong	Up	Up	Down	25.26%
May 22	A	Strong	Up	Up	Up	22.16%
May 21	A	Strong	Up	Up	Up	21.47%
May 20	B	Strong	Up	Up	Up	22.20%
May 17	B	Strong	Up	Up	Up	22.16%
May 16	A	Strong	Up	Up	Up	21.55%
May 15	B	Strong	Up	Up	Up	22.55%
May 14	A	Strong	Up	Up	Up	23.51%
May 13	A	Strong	Up	Up	Up	23.15%