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
Aug 21	A	Weak or Absent	Up	Up	Flat	1.60%
Aug 20	A	Weak or Absent	Up	Up	Up	1.27%
Aug 19	A	Weak or Absent	Up	Up	Up	1.55%
Aug 16	A	Weak or Absent	Up	Up	Up	1.48%
Aug 15	A	Weak or Absent	Up	Up	Up	1.76%
Aug 14	A	Weak or Absent	Up	Up	Flat	2.17%
Aug 13	A	Weak or Absent	Up	Up	Flat	2.09%
Aug 12	A	Weak or Absent	Up	Up	Flat	2.62%
Aug 9	A	Weak or Absent	Up	Up	Up	1.89%
Aug 8	A	Weak or Absent	Up	Up	Flat	2.33%