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
Jan 30	A	Strong	Up	Up	Up	8.16%
Jan 29	B	Strong	Up	Flat	Down	9.49%
Jan 26	B	Strong	Up	Up	Flat	8.91%
Jan 25	B	Strong	Up	Flat	Down	9.36%
Jan 24	A	Weak or Absent	Up	Up	Flat	8.63%
Jan 23	A	Weak or Absent	Up	Up	Flat	8.41%
Jan 22	A	Weak or Absent	Up	Up	Down	9.27%
Jan 19	A	Weak or Absent	Up	Up	Flat	8.73%
Jan 18	A	Weak or Absent	Up	Up	Up	8.12%
Jan 17	A	Weak or Absent	Up	Up	Up	8.33%