Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	C	Weak or Absent	Up	Up	Down	59.18%
Jul 30	C	Weak or Absent	Up	Up	Up	55.61%
Jul 29	C	Weak or Absent	Up	Up	Down	61.83%
Jul 26	C	Weak or Absent	Up	Up	Up	52.91%
Jul 25	C	Weak or Absent	Up	Up	Up	52.91%
Jul 24	C	Weak or Absent	Up	Up	Up	54.37%
Jul 23	C	Weak or Absent	Up	Up	Up	53.40%
Jul 22	C	Weak or Absent	Up	Up	Down	61.83%
Jul 19	D	Weak or Absent	Up	Flat	Down	64.58%
Jul 18	C	Weak or Absent	Up	Up	Down	61.83%