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 10	A	Weak or Absent	Up	Up	Up	23.95%
May 9	A	Weak or Absent	Up	Up	Up	25.11%
May 8	A	Weak or Absent	Up	Up	Up	26.84%
May 7	A	Weak or Absent	Up	Up	Up	27.40%
May 6	A	Weak or Absent	Up	Up	Up	28.68%
May 3	A	Weak or Absent	Up	Up	Up	30.27%
May 2	A	Weak or Absent	Up	Up	Up	31.11%
May 1	A	Weak or Absent	Up	Up	Flat	32.40%
Apr 30	A	Weak or Absent	Up	Up	Up	32.25%
Apr 29	B	Weak or Absent	Up	Up	Up	31.90%