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 11	C	Strong	Up	Up	Flat	15.49%
Jul 10	C	Weak or Absent	Up	Up	Flat	15.73%
Jul 7	A	Weak or Absent	Up	Up	Flat	15.08%
Jul 6	B	Weak or Absent	Up	Up	Flat	15.48%
Jul 5	B	Weak or Absent	Up	Up	Up	14.64%
Jul 3	B	Weak or Absent	Up	Up	Up	14.64%
Jun 30	B	Weak or Absent	Up	Up	Up	14.64%
Jun 29	A	Weak or Absent	Up	Up	Up	15.13%
Jun 28	A	Weak or Absent	Up	Up	Flat	15.54%
Jun 27	A	Weak or Absent	Up	Up	Flat	15.63%