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
Dec 30	A	Weak or Absent	N/A	N/A	Flat	13.48%
Dec 29	B	Weak or Absent	N/A	N/A	N/A	13.30%
Dec 28	B	Weak or Absent	N/A	N/A	N/A	13.57%
Dec 27	B	Weak or Absent	N/A	N/A	N/A	13.80%
Dec 23	B	Weak or Absent	N/A	N/A	N/A	14.03%
Dec 22	B	Weak or Absent	N/A	N/A	N/A	14.12%
Dec 21	B	Weak or Absent	N/A	N/A	N/A	13.98%
Dec 20	B	Weak or Absent	N/A	N/A	N/A	13.89%
Dec 19	B	Weak or Absent	N/A	N/A	N/A	14.03%
Dec 16	B	Weak or Absent	N/A	N/A	N/A	14.35%