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
Jun 26	A	Strong	N/A	Up	Up	12.94%
Jun 23	B	Strong	N/A	Up	Up	13.30%
Jun 22	C	Strong	N/A	Up	Up	13.16%
Jun 21	C	Strong	N/A	Up	Up	13.21%
Jun 20	D	Strong	N/A	Up	Up	13.26%
Jun 16	D	Strong	N/A	Up	Up	13.21%
Jun 15	D	Strong	N/A	Flat	Up	13.87%
Jun 14	F	Strong	N/A	Down	Flat	15.10%
Jun 13	F	Strong	N/A	Down	Flat	15.10%
Jun 12	F	Strong	N/A	Flat	Flat	14.67%