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
Sep 27	A	Strong	Up	Up	Flat	1.03%
Sep 26	B	Strong	Up	Up	Flat	1.35%
Sep 25	A	Strong	Up	Up	Up	0.75%
Sep 24	B	Strong	Up	Up	Flat	0.95%
Sep 23	B	Strong	Up	Up	Flat	1.27%
Sep 20	B	Strong	Up	Up	Flat	1.63%
Sep 19	B	Strong	Up	Up	Flat	1.63%
Sep 18	B	Strong	Up	Up	Flat	1.73%
Sep 17	A	Strong	Up	Up	Flat	1.15%
Sep 16	A	Strong	Up	Up	Flat	1.15%