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
Jul 25	B	Strong	Up	Up	Up	14.01%
Jul 24	B	Strong	Up	Up	Up	13.91%
Jul 21	B	Strong	Up	Up	Up	13.96%
Jul 20	B	Strong	Up	Up	Flat	14.69%
Jul 19	B	Strong	Up	Up	Up	14.16%
Jul 18	B	Strong	Up	Up	Up	14.40%
Jul 17	C	Strong	Up	Up	Flat	15.63%
Jul 14	C	Strong	Up	Up	Flat	15.57%
Jul 13	C	Strong	Up	Up	Flat	15.48%
Jul 12	C	Strong	Up	Up	Flat	15.53%