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
Oct 11	B	Weak or Absent	Up	Flat	Flat	1.67%
Oct 10	A	Weak or Absent	Up	Up	Flat	1.31%
Oct 9	B	Weak or Absent	Up	Flat	Flat	1.63%
Oct 8	A	Weak or Absent	Up	Up	Flat	1.27%
Oct 7	A	Weak or Absent	Up	Up	Flat	1.35%
Oct 4	A	Strong	Up	Up	Flat	0.87%
Oct 3	A	Strong	Up	Up	Flat	1.03%
Oct 2	A	Strong	Up	Up	Flat	0.71%
Oct 1	A	Strong	Up	Up	Up	0.71%
Sep 30	B	Strong	Up	Up	Flat	1.52%