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
Aug 8	A	Weak or Absent	N/A	Up	Flat	11.69%
Aug 7	A	Weak or Absent	N/A	Up	Flat	11.78%
Aug 4	A	Weak or Absent	N/A	Up	Up	11.69%
Aug 3	A	Weak or Absent	N/A	Up	Up	11.81%
Aug 2	A	Weak or Absent	N/A	Up	Flat	12.09%
Aug 1	A	Weak or Absent	N/A	Up	Up	12.02%
Jul 31	A	Weak or Absent	N/A	Up	Flat	12.53%
Jul 28	A	Weak or Absent	N/A	Up	Flat	12.53%
Jul 27	A	Weak or Absent	N/A	Up	Flat	12.89%
Jul 26	A	Weak or Absent	N/A	Up	Flat	12.62%