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
Oct 31	A	Strong	Up	Up	Up	13.74%
Oct 30	A	Very Strong	Up	Flat	Flat	14.95%
Oct 27	A	Very Strong	Up	Flat	Flat	14.95%
Oct 26	A	Very Strong	Up	Flat	Flat	14.46%
Oct 25	A	Very Strong	Up	Flat	Flat	14.82%
Oct 24	A	Very Strong	Up	Flat	Flat	14.76%
Oct 23	A	Very Strong	Up	Flat	Flat	14.95%
Oct 20	A	Very Strong	Up	Flat	Flat	14.95%
Oct 19	A	Very Strong	Up	Flat	Flat	14.95%
Oct 18	A	Very Strong	Up	Down	Flat	15.35%