Trend Table for SAT - Saratoga Investment Corp 6.00% Notes due 2027

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 28	B	Weak or Absent	Up	Up	Flat	5.88%
Feb 27	A	Strong	Up	Up	Flat	5.74%
Feb 26	A	Strong	Up	Up	Flat	5.66%
Feb 23	A	Strong	Up	Up	Flat	5.66%
Feb 22	B	Strong	Up	Up	Flat	6.32%
Feb 21	A	Strong	Up	Up	Flat	6.10%
Feb 20	A	Strong	Up	Up	Flat	6.05%
Feb 16	A	Strong	Up	Up	Up	5.26%
Feb 15	A	Strong	Up	Up	Up	5.35%
Feb 14	A	Strong	Up	Up	Up	5.35%