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
Dec 28	A	Weak or Absent	Up	Up	Flat	7.31%
Dec 27	A	Weak or Absent	Up	Up	Flat	7.18%
Dec 26	B	Weak or Absent	Up	Up	Flat	7.63%
Dec 22	A	Weak or Absent	Up	Up	Flat	7.31%
Dec 21	A	Weak or Absent	Up	Up	Flat	7.52%
Dec 20	A	Weak or Absent	Up	Up	Flat	7.69%
Dec 19	A	Weak or Absent	Up	Up	Flat	7.38%
Dec 18	A	Weak or Absent	Up	Up	Up	7.31%
Dec 15	A	Weak or Absent	Up	Up	Flat	7.81%
Dec 14	A	Weak or Absent	Up	Up	Flat	7.82%