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
Feb 27	B	Weak or Absent	Up	Up	Flat	5.81%
Feb 26	A	Weak or Absent	Up	Up	Flat	5.55%
Feb 23	B	Weak or Absent	Up	Up	Flat	5.55%
Feb 22	B	Weak or Absent	Up	Up	Flat	5.60%
Feb 21	A	Weak or Absent	Up	Up	Flat	5.64%
Feb 20	A	Weak or Absent	Up	Up	Up	5.29%
Feb 16	A	Weak or Absent	Up	Up	Up	4.74%
Feb 15	A	Weak or Absent	Up	Up	Up	5.09%
Feb 14	A	Weak or Absent	Up	Up	Up	5.60%
Feb 13	A	Weak or Absent	Up	Up	Flat	6.26%