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 5	B	Weak or Absent	Up	Up	Flat	13.50%
Sep 1	A	Weak or Absent	Up	Up	Up	12.73%
Aug 31	A	Weak or Absent	Up	Up	Flat	13.07%
Aug 30	A	Weak or Absent	Up	Up	Up	12.59%
Aug 29	A	Weak or Absent	Up	Up	Up	12.94%
Aug 28	A	Weak or Absent	Up	Up	Flat	13.21%
Aug 25	A	Weak or Absent	Up	Up	Flat	13.60%
Aug 24	A	Weak or Absent	Up	Up	Flat	13.55%
Aug 23	A	Strong	Up	Up	Flat	13.55%
Aug 22	A	Strong	Up	Up	Flat	13.99%