Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	A	Strong	Up	Up	Up	2.12%
Jul 17	A	Strong	Up	Up	Up	1.69%
Jul 16	B	Weak or Absent	Up	Up	Up	2.80%
Jul 15	B	Weak or Absent	Up	Up	Up	3.28%
Jul 12	A	Weak or Absent	Up	Up	Up	2.58%
Jul 11	B	Weak or Absent	Up	Up	Up	3.90%
Jul 10	B	Weak or Absent	Up	Up	Up	4.69%
Jul 9	B	Weak or Absent	Up	Up	Up	5.67%
Jul 8	B	Weak or Absent	Up	Up	Flat	5.79%
Jul 5	B	Weak or Absent	Up	Flat	Flat	6.21%