Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 22	A	Strong	Up	Up	Flat	21.29%
Jul 19	A	Strong	Up	Up	Up	20.56%
Jul 18	A	Strong	Up	Up	Up	20.39%
Jul 17	A	Strong	Up	Up	Up	19.88%
Jul 16	B	Weak or Absent	Up	Up	Up	21.19%
Jul 15	B	Weak or Absent	Up	Up	Up	21.75%
Jul 12	A	Weak or Absent	Up	Up	Up	20.94%
Jul 11	B	Weak or Absent	Up	Up	Up	22.49%
Jul 10	B	Weak or Absent	Up	Up	Up	23.41%
Jul 9	B	Weak or Absent	Up	Up	Up	24.58%