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
Dec 30	F	Strong	N/A	Down	Down	19.23%
Dec 29	F	Strong	N/A	Down	Down	19.79%
Dec 28	D	Strong	N/A	Down	Down	18.96%
Dec 27	F	Strong	N/A	Down	Down	19.12%
Dec 23	F	Strong	N/A	Down	Down	18.81%
Dec 22	D	Strong	N/A	Flat	Flat	17.78%
Dec 21	C	Strong	N/A	Flat	Flat	17.53%
Dec 20	D	Strong	N/A	Flat	Up	17.68%
Dec 19	C	Strong	N/A	Up	Up	16.73%
Dec 16	D	Strong	N/A	Down	Flat	18.55%