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
Jan 31	A	Strong	N/A	Up	Up	15.30%
Jan 30	A	Strong	N/A	Up	Up	15.35%
Jan 27	A	Strong	N/A	Up	Up	14.96%
Jan 26	A	Strong	N/A	Up	Up	15.30%
Jan 25	C	Strong	N/A	Up	Up	15.99%
Jan 24	C	Strong	N/A	Up	Flat	16.28%
Jan 23	C	Weak or Absent	N/A	Up	Up	16.18%
Jan 20	C	Weak or Absent	N/A	Up	Up	16.18%
Jan 19	B	Weak or Absent	N/A	Up	Up	16.78%
Jan 18	C	Weak or Absent	N/A	Up	Up	16.59%