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
Nov 7	A	Weak or Absent	Up	Flat	Flat	0.71%
Nov 6	A	Weak or Absent	Up	Flat	Flat	0.91%
Nov 5	A	Weak or Absent	Up	Flat	Flat	0.74%
Nov 4	A	Weak or Absent	Up	Flat	Flat	0.95%
Nov 1	A	Weak or Absent	Up	Flat	Flat	0.92%
Oct 31	A	Weak or Absent	Up	Flat	Flat	0.67%
Oct 30	A	Weak or Absent	Up	Flat	Flat	0.71%
Oct 29	A	Weak or Absent	Up	Flat	Flat	1.03%
Oct 28	A	Weak or Absent	Up	Flat	Flat	0.95%
Oct 25	A	Weak or Absent	Up	Flat	Flat	1.10%