Trend Table for XELB - Xcel Brands, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 16	C	Strong	Down	Up	Up	-3.25%
May 15	D	Strong	Down	Up	Up	12.54%
May 12	D	Strong	Down	Down	Up	18.25%
May 11	D	Strong	Down	Down	Up	20.16%
May 10	C	Strong	Down	Flat	Up	12.49%
May 9	D	Strong	Down	Down	Up	14.60%
May 8	F	Weak or Absent	Down	Down	Up	22.84%
May 5	F	Weak or Absent	Down	Down	Down	33.97%
May 4	F	Weak or Absent	Down	Down	Down	31.72%
May 3	F	Weak or Absent	Down	Down	Up	27.42%