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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	A	Weak or Absent	Up	Up	Up	7.03%
Dec 27	B	Weak or Absent	Up	Up	Up	7.25%
Dec 26	B	Weak or Absent	Up	Up	Up	8.10%
Dec 22	A	Weak or Absent	Up	Up	Up	8.37%
Dec 21	A	Weak or Absent	Up	Up	Up	8.15%
Dec 20	A	Weak or Absent	Up	Up	Flat	8.96%
Dec 19	A	Weak or Absent	Up	Up	Up	8.69%
Dec 18	A	Weak or Absent	Up	Up	Up	9.06%
Dec 15	A	Weak or Absent	Up	Up	Up	9.06%
Dec 14	A	Weak or Absent	Up	Up	Up	9.38%