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
Feb 1	A	Strong	N/A	Up	Flat	6.96%
Jan 31	A	Strong	N/A	Up	Flat	7.30%
Jan 30	B	Strong	N/A	Up	Flat	7.19%
Jan 29	A	Strong	N/A	Up	Flat	6.96%
Jan 26	A	Strong	N/A	Up	Flat	7.12%
Jan 25	B	Strong	N/A	Up	Flat	7.34%
Jan 24	A	Strong	N/A	Up	Flat	7.17%
Jan 23	A	Strong	N/A	Up	Flat	7.26%
Jan 22	A	Strong	N/A	Up	Flat	7.21%
Jan 19	A	Strong	N/A	Up	Flat	7.21%