Trend Table for SAJ - Saratoga Investment Corp 8.00% Notes due 2027

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	A	Strong	Up	Up	Flat	0.00%
Nov 21	A	Strong	Up	Up	Flat	0.48%
Nov 20	A	Weak or Absent	Up	Up	Flat	0.52%
Nov 19	A	Weak or Absent	Up	Up	Flat	0.36%
Nov 18	A	Weak or Absent	Up	Up	Flat	0.48%
Nov 15	A	Weak or Absent	Up	Up	Flat	0.32%
Nov 14	A	Weak or Absent	Up	Up	Up	0.16%
Nov 13	A	Weak or Absent	Up	Up	Flat	0.63%
Nov 12	A	Weak or Absent	Up	Flat	Flat	0.73%
Nov 11	A	Weak or Absent	Up	Up	Flat	0.63%