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 7	A	Weak or Absent	Up	Up	Flat	2.53%
Aug 6	A	Weak or Absent	Up	Flat	Flat	3.00%
Aug 5	A	Weak or Absent	Up	Up	Up	2.09%
Aug 2	A	Weak or Absent	Up	Up	Flat	2.66%
Aug 1	A	Weak or Absent	Up	Up	Up	2.25%
Jul 31	A	Weak or Absent	Up	Up	Flat	2.74%
Jul 30	A	Weak or Absent	Up	Up	Flat	2.71%
Jul 29	A	Weak or Absent	Up	Up	Flat	2.90%
Jul 26	A	Weak or Absent	Up	Up	Flat	2.86%
Jul 25	B	Weak or Absent	Up	Flat	Flat	3.52%