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
Apr 27	C	Weak or Absent	N/A	Flat	Flat	13.12%
Apr 26	F	Weak or Absent	N/A	Down	Down	14.03%
Apr 25	B	Weak or Absent	N/A	Flat	Up	12.53%
Apr 24	D	Weak or Absent	N/A	Flat	Flat	12.98%
Apr 21	B	Weak or Absent	N/A	Flat	Up	12.58%
Apr 20	C	Strong	N/A	Flat	Up	12.40%
Apr 19	D	Strong	N/A	Flat	Up	12.94%
Apr 18	F	Strong	N/A	Flat	Up	13.21%
Apr 17	F	Strong	N/A	Flat	Up	13.31%
Apr 14	F	Strong	N/A	Down	Flat	13.63%