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 17	C	Strong	Down	Down	Flat	41.37%
Mar 16	C	Strong	Down	Down	Flat	40.55%
Mar 15	D	Strong	Down	Down	Down	41.89%
Mar 14	D	Strong	Down	Down	Down	43.46%
Mar 13	D	Strong	Down	Down	Down	45.07%
Mar 10	D	Strong	Down	Down	Down	44.59%
Mar 9	D	Strong	Down	Down	Down	41.63%
Mar 8	D	Strong	Down	Down	Down	39.35%
Mar 7	D	Strong	Down	Down	Down	39.05%
Mar 6	D	Strong	Down	Down	Flat	37.33%