Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 31	C	Strong	Down	Flat	Up	35.84%
Mar 30	D	Strong	Down	Down	Up	36.90%
Mar 29	C	Strong	Down	Down	Up	39.28%
Mar 28	C	Strong	Down	Down	Up	41.42%
Mar 27	C	Strong	Down	Down	Flat	42.47%
Mar 24	D	Strong	Down	Down	Down	44.17%
Mar 23	D	Strong	Down	Down	Down	45.59%
Mar 22	D	Strong	Down	Down	Down	44.12%
Mar 21	C	Strong	Down	Down	Flat	41.84%
Mar 20	C	Strong	Down	Down	Flat	41.11%