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
Sep 19	A	Strong	Up	Flat	Flat	13.03%
Sep 18	A	Strong	Up	Up	Flat	12.70%
Sep 15	A	Strong	Up	Up	Flat	12.60%
Sep 14	A	Strong	Up	Up	Flat	12.31%
Sep 13	A	Strong	Up	Up	Flat	12.79%
Sep 12	A	Weak or Absent	Up	Up	Flat	12.91%
Sep 11	A	Weak or Absent	Up	Up	Flat	12.69%
Sep 8	A	Weak or Absent	Up	Up	Flat	12.50%
Sep 7	A	Weak or Absent	Up	Up	Flat	12.69%
Sep 6	A	Weak or Absent	Up	Up	Flat	12.89%