Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	C	Weak or Absent	Up	Up	Up	55.36%
Jul 16	C	Weak or Absent	Up	Up	Up	55.36%
Jul 15	C	Weak or Absent	Up	Up	Up	56.61%
Jul 12	C	Weak or Absent	Up	Up	Up	57.63%
Jul 11	C	Weak or Absent	Up	Up	Flat	60.50%
Jul 10	B	Weak or Absent	Up	Up	Up	59.97%
Jul 9	B	Weak or Absent	Up	Up	Up	55.86%
Jul 8	B	Weak or Absent	Up	Up	Up	56.61%
Jul 5	D	Weak or Absent	Down	Flat	Down	65.98%
Jul 4	B	Weak or Absent	Flat	Up	Up	59.44%