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 15	C	Weak or Absent	Down	Up	Flat	35.29%
May 12	C	Weak or Absent	Down	Up	Flat	34.48%
May 11	C	Weak or Absent	Down	Up	Down	35.29%
May 10	C	Weak or Absent	Down	Up	Flat	34.20%
May 9	C	Weak or Absent	Down	Up	Flat	34.77%
May 8	C	Weak or Absent	Down	Up	Flat	34.30%
May 5	B	Weak or Absent	Down	Up	Flat	33.50%
May 4	B	Weak or Absent	Down	Up	Down	35.01%
May 3	C	Weak or Absent	Down	Up	Down	35.05%
May 2	C	Weak or Absent	Down	Up	Down	34.81%