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 16	A	Weak or Absent	Up	Up	Up	8.33%
Jan 12	A	Weak or Absent	Up	Up	Flat	8.63%
Jan 11	A	Weak or Absent	Up	Up	Up	8.63%
Jan 10	A	Weak or Absent	Up	Up	Up	8.63%
Jan 8	A	Weak or Absent	Up	Up	Up	8.63%
Jan 5	A	Weak or Absent	Up	Up	Flat	9.14%
Jan 4	A	Weak or Absent	Up	Up	Flat	9.23%
Jan 3	A	Weak or Absent	Up	Up	Flat	9.23%
Jan 2	A	Weak or Absent	Up	Up	Flat	10.19%
Dec 29	A	Weak or Absent	Up	Up	Flat	9.40%