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
Aug 6	A	Strong	Up	Up	Flat	3.30%
Aug 5	A	Strong	Up	Flat	Down	4.07%
Aug 2	A	Strong	Up	Up	Flat	3.26%
Aug 1	A	Strong	Up	Up	Flat	3.14%
Jul 31	A	Strong	Up	Up	Flat	3.22%
Jul 30	A	Strong	Up	Up	Flat	3.26%
Jul 29	A	Weak or Absent	Up	Up	Flat	3.26%
Jul 26	A	Weak or Absent	Up	Up	Flat	3.48%
Jul 25	A	Weak or Absent	Up	Up	Flat	3.62%
Jul 24	A	Weak or Absent	Up	Up	Flat	3.50%