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
Mar 1	B	Weak or Absent	Flat	Up	Up	15.01%
Feb 28	B	Weak or Absent	Flat	Up	Up	15.06%
Feb 27	C	Weak or Absent	Down	Up	Up	15.55%
Feb 24	C	Weak or Absent	Down	Up	Up	16.04%
Feb 23	C	Weak or Absent	Down	Flat	Flat	16.48%
Feb 22	D	Weak or Absent	Down	Flat	Down	17.13%
Feb 21	D	Weak or Absent	Down	Flat	Down	16.98%
Feb 17	D	Weak or Absent	N/A	Flat	Down	17.73%
Feb 16	D	Weak or Absent	N/A	Flat	Down	17.48%
Feb 15	C	Weak or Absent	N/A	Flat	Down	17.13%