Trend Table for SAY - Saratoga Investment Corp 8.125% Notes due 2027

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	A	Weak or Absent	Up	Up	Flat	0.00%
Jul 31	A	Weak or Absent	Up	Up	Flat	0.22%
Jul 30	A	Weak or Absent	Up	Up	Flat	0.05%
Jul 29	A	Weak or Absent	Up	Up	Flat	0.09%
Jul 26	B	Weak or Absent	Up	Up	Flat	0.45%
Jul 25	A	Weak or Absent	Up	Flat	Flat	0.48%
Jul 24	A	Weak or Absent	Up	Up	Flat	0.21%
Jul 23	A	Weak or Absent	Up	Up	Flat	0.37%
Jul 22	A	Weak or Absent	Up	Flat	Flat	0.64%
Jul 19	A	Weak or Absent	Up	Up	Flat	0.44%