Trend Table for SAZ - Saratoga Investment Corp 8.50% Notes due 2028

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 2	A	Very Strong	Up	Up	Flat	0.60%
Oct 1	A	Strong	Up	Up	Up	0.31%
Sep 30	B	Strong	Up	Up	Flat	0.70%
Sep 27	B	Strong	Up	Up	Flat	1.33%
Sep 26	B	Very Strong	Up	Up	Flat	1.01%
Sep 25	B	Very Strong	Up	Up	Flat	1.21%
Sep 24	B	Very Strong	Up	Up	Flat	1.01%
Sep 23	B	Strong	Up	Up	Flat	1.21%
Sep 20	B	Strong	Up	Up	Flat	1.19%
Sep 19	B	Strong	Up	Up	Flat	0.94%