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
Apr 12	A	Strong	Up	Flat	Flat	6.08%
Apr 11	A	Strong	Up	Up	Flat	5.78%
Apr 10	A	Strong	Up	Up	Flat	5.78%
Apr 9	A	Weak or Absent	Up	Up	Flat	5.74%
Apr 8	A	Weak or Absent	Up	Up	Up	5.45%
Apr 5	A	Weak or Absent	Up	Up	Flat	5.95%
Apr 4	A	Weak or Absent	Up	Up	Flat	5.78%
Apr 3	A	Weak or Absent	Up	Up	Flat	5.99%
Apr 2	A	Weak or Absent	Up	Flat	Flat	6.29%
Apr 1	B	Weak or Absent	Up	Flat	Flat	6.24%