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
Sep 20	B	Strong	Up	Up	Flat	0.75%
Sep 19	B	Strong	Up	Up	Flat	0.75%
Sep 18	B	Strong	Up	Up	Flat	0.85%
Sep 17	A	Strong	Up	Up	Flat	0.28%
Sep 16	A	Strong	Up	Up	Flat	0.28%
Sep 13	B	Strong	Up	Up	Flat	0.75%
Sep 12	B	Strong	Up	Up	Flat	0.45%
Sep 11	A	Strong	Up	Up	Flat	0.55%
Sep 10	A	Strong	Up	Up	Flat	0.50%
Sep 9	A	Strong	Up	Up	Flat	0.36%