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
May 21	A	Weak or Absent	Up	Up	Flat	3.59%
May 20	B	Weak or Absent	Up	Up	Flat	3.99%
May 17	B	Weak or Absent	Up	Up	Flat	3.99%
May 16	A	Weak or Absent	Up	Up	Flat	3.95%
May 15	A	Weak or Absent	Up	Up	Up	3.55%
May 14	A	Weak or Absent	Up	Up	Up	3.74%
May 13	A	Weak or Absent	Up	Up	Flat	4.14%
May 10	A	Strong	Up	Up	Flat	4.51%
May 9	A	Strong	Up	Up	Flat	4.60%
May 8	A	Strong	Up	Flat	Flat	4.80%