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
Jan 18	A	Strong	N/A	Up	Flat	6.96%
Jan 17	A	Strong	N/A	Up	Flat	7.47%
Jan 16	A	Strong	N/A	Up	Flat	7.38%
Jan 12	A	Strong	N/A	Up	Flat	7.06%
Jan 11	A	Strong	N/A	Up	Flat	7.26%
Jan 10	A	Weak or Absent	N/A	Up	Flat	7.26%
Jan 9	A	Weak or Absent	N/A	Up	Flat	7.30%
Jan 8	A	Weak or Absent	N/A	Up	Flat	7.30%
Jan 5	A	Weak or Absent	N/A	Up	Flat	7.34%
Jan 4	A	Weak or Absent	N/A	Up	Flat	7.47%