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
May 25	C	Strong	Down	Flat	Flat	17.70%
May 24	C	Strong	Down	Flat	Flat	17.49%
May 23	D	Strong	Down	Flat	Flat	17.39%
May 22	F	Strong	Down	Flat	Flat	17.85%
May 19	D	Strong	Down	Flat	Flat	17.64%
May 18	F	Strong	Down	Flat	Flat	17.90%
May 17	F	Strong	Down	Down	Flat	18.53%
May 16	C	Strong	Down	Flat	Up	17.44%
May 15	D	Strong	Down	Flat	Up	17.24%
May 12	F	Strong	Down	Flat	Flat	18.01%