Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 1	A	Very Strong	Up	Up	Flat	-23.48%
Feb 28	A	Very Strong	Up	Up	Flat	-23.60%
Feb 27	A	Very Strong	Up	Up	Flat	-23.72%
Feb 24	A	Very Strong	Up	Up	Flat	-23.66%
Feb 23	A	Very Strong	Up	Up	Up	-23.78%
Feb 22	A	Very Strong	Up	Up	Up	-23.78%
Feb 21	A	Very Strong	Up	Up	Up	-23.54%
Feb 17	A	Strong	Up	Up	Up	-23.78%
Feb 16	A	Strong	Up	Up	Up	-23.96%
Feb 15	A	Strong	Up	Up	Up	-23.96%