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 13	B	Strong	Up	Up	Flat	1.63%
Sep 12	B	Strong	Up	Up	Flat	1.33%
Sep 11	A	Strong	Up	Up	Flat	1.43%
Sep 10	A	Strong	Up	Up	Flat	1.37%
Sep 9	A	Strong	Up	Up	Flat	1.23%
Sep 6	A	Strong	Up	Up	Up	0.83%
Sep 5	A	Strong	Up	Up	Up	0.83%
Sep 4	A	Strong	Up	Up	Flat	1.43%
Aug 30	A	Strong	Up	Up	Up	1.43%
Aug 29	A	Strong	Up	Up	Up	1.43%