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 2	A	Strong	Up	Up	Flat	4.00%
Jul 1	A	Weak or Absent	Up	Up	Flat	4.19%
Jun 28	A	Weak or Absent	Up	Up	Flat	4.25%
Jun 27	A	Weak or Absent	Up	Up	Flat	4.00%
Jun 26	A	Weak or Absent	Up	Flat	Flat	4.67%
Jun 25	A	Weak or Absent	Up	Up	Flat	4.67%
Jun 24	A	Weak or Absent	Up	Up	Flat	4.67%
Jun 21	A	Weak or Absent	Up	Up	Flat	4.50%
Jun 20	A	Weak or Absent	Up	Up	Flat	4.37%
Jun 18	A	Weak or Absent	Up	Up	Flat	4.39%