Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 27	C	Weak or Absent	Up	Up	Flat	34.39%
Jul 26	B	Weak or Absent	Up	Up	Up	32.96%
Jul 25	B	Weak or Absent	Up	Up	Up	33.20%
Jul 24	B	Weak or Absent	Up	Up	Up	33.34%
Jul 21	B	Weak or Absent	Up	Up	Up	33.20%
Jul 20	B	Weak or Absent	Up	Up	Up	34.10%
Jul 19	C	Weak or Absent	Up	Up	Up	35.41%
Jul 18	C	Weak or Absent	Flat	Up	Flat	36.34%
Jul 17	C	Weak or Absent	Flat	Up	Up	35.80%
Jul 14	B	Weak or Absent	Up	Up	Up	34.83%