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
Sep 20	A	Weak or Absent	N/A	Up	Flat	10.55%
Sep 19	A	Weak or Absent	N/A	Up	Flat	10.84%
Sep 18	A	Weak or Absent	N/A	Up	Flat	10.81%
Sep 15	A	Weak or Absent	N/A	Flat	Flat	11.39%
Sep 14	A	Weak or Absent	N/A	Up	Flat	11.17%
Sep 13	A	Weak or Absent	N/A	Flat	Flat	11.57%
Sep 12	A	Weak or Absent	N/A	Up	Flat	11.17%
Sep 11	A	Weak or Absent	N/A	Up	Flat	10.81%
Sep 8	A	Weak or Absent	N/A	Up	Flat	10.95%
Sep 7	A	Weak or Absent	N/A	Up	Flat	11.01%