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
Jul 11	C	Strong	N/A	Up	Flat	13.24%
Jul 10	A	Strong	N/A	Up	Flat	12.97%
Jul 7	A	Strong	N/A	Up	Flat	12.98%
Jul 6	A	Strong	N/A	Up	Flat	12.85%
Jul 5	A	Strong	N/A	Up	Flat	12.94%
Jul 3	A	Strong	N/A	Up	Flat	12.85%
Jun 30	C	Strong	N/A	Up	Flat	13.21%
Jun 29	C	Strong	N/A	Up	Flat	13.39%
Jun 28	C	Strong	N/A	Up	Flat	13.16%
Jun 27	C	Strong	N/A	Up	Flat	13.24%