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
Jul 10	A	Strong	Up	Up	Flat	3.15%
Jul 9	A	Strong	Up	Flat	Flat	3.39%
Jul 8	A	Strong	Up	Flat	Flat	3.43%
Jul 5	B	Strong	Up	Flat	Flat	3.68%
Jul 3	A	Strong	Up	Up	Flat	3.27%
Jul 2	A	Strong	Up	Up	Flat	3.10%
Jul 1	A	Weak or Absent	Up	Up	Flat	3.29%
Jun 28	A	Weak or Absent	Up	Up	Flat	3.35%
Jun 27	A	Weak or Absent	Up	Up	Flat	3.10%
Jun 26	A	Weak or Absent	Up	Flat	Flat	3.76%