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
Mar 13	A	Weak or Absent	Up	Up	Flat	5.38%
Mar 12	A	Weak or Absent	Up	Up	Flat	5.38%
Mar 11	B	Weak or Absent	Up	Flat	Flat	6.02%
Mar 8	B	Weak or Absent	Up	Flat	Flat	5.97%
Mar 7	B	Weak or Absent	Up	Flat	Flat	5.85%
Mar 6	B	Weak or Absent	Up	Flat	Flat	5.94%
Mar 5	A	Weak or Absent	Up	Up	Flat	5.59%
Mar 4	A	Weak or Absent	Up	Up	Flat	5.18%
Mar 1	A	Weak or Absent	Up	Up	Flat	5.43%
Feb 29	B	Weak or Absent	Up	Up	Flat	5.55%