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
Mar 26	A	Weak or Absent	Up	Up	Flat	5.05%
Mar 25	A	Weak or Absent	Up	Up	Flat	5.05%
Mar 22	A	Weak or Absent	Up	Up	Up	4.88%
Mar 21	B	Weak or Absent	Up	Up	Flat	5.41%
Mar 20	B	Weak or Absent	Up	Up	Flat	5.43%
Mar 19	B	Weak or Absent	Up	Up	Flat	5.60%
Mar 18	A	Weak or Absent	Up	Up	Flat	5.60%
Mar 15	A	Weak or Absent	Up	Up	Flat	5.60%
Mar 14	A	Weak or Absent	Up	Up	Flat	5.60%
Mar 13	B	Weak or Absent	Up	Up	Flat	5.60%