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 30	D	Strong	Down	Down	Down	42.00%
May 26	D	Weak or Absent	Down	Down	Down	42.16%
May 25	D	Weak or Absent	Down	Down	Down	42.91%
May 24	D	Weak or Absent	Down	Down	Down	41.42%
May 23	D	Weak or Absent	Down	Down	Down	39.76%
May 22	D	Weak or Absent	Down	Down	Down	38.59%
May 19	C	Weak or Absent	Down	Down	Down	37.93%
May 18	D	Weak or Absent	Down	Down	Down	37.63%
May 17	C	Weak or Absent	Down	Down	Down	37.24%
May 16	C	Weak or Absent	Down	Flat	Down	36.55%