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
Oct 25	A	Weak or Absent	Up	Flat	Flat	1.35%
Oct 24	A	Weak or Absent	Up	Flat	Flat	1.35%
Oct 23	A	Weak or Absent	Up	Flat	Flat	1.19%
Oct 22	A	Weak or Absent	Up	Flat	Flat	1.28%
Oct 21	A	Weak or Absent	Up	Flat	Flat	1.15%
Oct 18	A	Weak or Absent	Up	Up	Flat	1.03%
Oct 17	B	Weak or Absent	Up	Flat	Flat	1.34%
Oct 16	A	Weak or Absent	Up	Up	Flat	1.11%
Oct 15	A	Weak or Absent	Up	Up	Flat	1.15%
Oct 14	B	Weak or Absent	Up	Flat	Flat	1.35%