Trend Table for SAJ - Saratoga Investment Corp 8.00% Notes due 2027

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	A	Strong	Up	Up	Up	3.18%
Jul 16	B	Strong	Up	Up	Flat	4.00%
Jul 15	B	Strong	Up	Up	Flat	3.94%
Jul 12	B	Strong	Up	Flat	Flat	4.33%
Jul 11	B	Strong	Up	Up	Flat	4.07%
Jul 10	A	Strong	Up	Up	Flat	4.04%
Jul 9	A	Strong	Up	Flat	Flat	4.29%
Jul 8	A	Strong	Up	Flat	Flat	4.33%
Jul 5	B	Strong	Up	Flat	Flat	4.58%
Jul 3	A	Strong	Up	Up	Flat	4.17%