Trend Table for XELB - Xcel Brands, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 28	F	Weak or Absent	Down	Down	Up	4.12%
May 24	F	Weak or Absent	Down	Down	Down	8.60%
May 23	F	Weak or Absent	Down	Down	Down	11.76%
May 22	F	Weak or Absent	Down	Down	Down	8.57%
May 21	F	Weak or Absent	Down	Down	Down	11.75%
May 20	F	Weak or Absent	Down	Down	Down	10.56%
May 17	F	Weak or Absent	Down	Down	Up	0.66%
May 16	F	Weak or Absent	Down	Down	Down	7.04%
May 15	F	Weak or Absent	Down	Down	Down	7.04%
May 14	F	Weak or Absent	Down	Down	Down	5.53%