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 12	A	Weak or Absent	Up	Up	Flat	5.35%
Mar 11	A	Weak or Absent	Up	Up	Flat	5.39%
Mar 8	A	Weak or Absent	Up	Up	Flat	5.46%
Mar 7	B	Weak or Absent	Up	Up	Flat	5.33%
Mar 6	A	Weak or Absent	Up	Up	Flat	5.33%
Mar 5	B	Weak or Absent	Up	Up	Flat	5.85%
Mar 4	B	Weak or Absent	Up	Up	Flat	5.64%
Mar 1	B	Weak or Absent	Up	Up	Flat	5.85%
Feb 29	A	Weak or Absent	Up	Up	Flat	5.39%
Feb 28	B	Weak or Absent	Up	Up	Flat	5.81%