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
Jan 29	A	Weak or Absent	Up	Up	Flat	6.67%
Jan 26	A	Weak or Absent	Up	Up	Flat	6.44%
Jan 25	A	Weak or Absent	Up	Up	Flat	6.82%
Jan 24	A	Weak or Absent	Up	Up	Flat	6.65%
Jan 23	A	Weak or Absent	Up	Up	Flat	6.65%
Jan 22	A	Weak or Absent	Up	Up	Flat	6.82%
Jan 19	A	Weak or Absent	Up	Up	Flat	6.65%
Jan 18	A	Weak or Absent	Up	Up	Flat	6.65%
Jan 17	A	Weak or Absent	Up	Up	Flat	6.86%
Jan 16	A	Weak or Absent	Up	Up	Flat	7.03%