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
Mar 1	A	Weak or Absent	N/A	Up	Flat	11.74%
Feb 28	B	Weak or Absent	N/A	N/A	Flat	11.91%
Feb 27	B	Weak or Absent	N/A	N/A	Flat	11.87%
Feb 24	D	Strong	N/A	N/A	Flat	12.40%
Feb 23	D	Strong	N/A	N/A	Flat	12.04%
Feb 22	D	Strong	N/A	N/A	Flat	12.13%
Feb 21	D	Strong	N/A	N/A	Flat	12.04%
Feb 17	D	Strong	N/A	N/A	Down	12.31%
Feb 16	D	Strong	N/A	N/A	Down	12.56%
Feb 15	D	Strong	N/A	N/A	Down	12.38%