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 12	A	Weak or Absent	Up	Up	Flat	6.27%
Feb 9	A	Weak or Absent	Up	Up	Up	5.94%
Feb 8	B	Weak or Absent	Up	Flat	Flat	6.61%
Feb 7	B	Weak or Absent	Up	Flat	Flat	6.72%
Feb 6	A	Weak or Absent	Up	Flat	Flat	6.82%
Feb 5	A	Weak or Absent	Up	Up	Up	5.90%
Feb 2	B	Weak or Absent	Up	Flat	Flat	6.86%
Feb 1	A	Weak or Absent	Up	Up	Flat	6.50%
Jan 31	A	Weak or Absent	Up	Flat	Flat	6.70%
Jan 30	B	Weak or Absent	Up	Flat	Flat	6.86%