Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 5	B	Weak or Absent	Down	Up	Up	29.71%
Dec 2	C	Weak or Absent	Down	Up	Up	28.38%
Dec 1	C	Weak or Absent	Down	Up	Up	29.36%
Nov 30	C	Weak or Absent	Down	Up	Up	30.10%
Nov 29	B	Weak or Absent	Down	Up	Up	32.14%
Nov 28	B	Weak or Absent	Down	Up	Up	31.82%
Nov 25	B	Weak or Absent	Down	Up	Up	30.80%
Nov 23	B	Weak or Absent	Down	Up	Up	31.33%
Nov 22	B	Weak or Absent	Down	Up	Up	33.73%
Nov 21	B	Weak or Absent	Down	Up	Flat	34.80%