Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	F	Weak or Absent	Down	Down	Down	75.91%
May 30	F	Weak or Absent	Down	Down	Down	76.87%
May 29	F	Weak or Absent	Down	Down	Down	74.95%
May 28	D	Weak or Absent	Down	Down	Down	73.39%
May 27	D	Weak or Absent	Down	Down	Down	69.76%
May 24	D	Weak or Absent	Down	Flat	Down	68.28%
May 23	D	Weak or Absent	Down	Up	Down	65.42%
May 22	D	Weak or Absent	Down	Down	Down	69.76%
May 21	D	Weak or Absent	Down	Up	Down	64.86%
May 17	D	Weak or Absent	Down	Up	Down	65.70%