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
Aug 28	A	Strong	Up	Up	Flat	1.81%
Aug 27	A	Strong	Up	Up	Flat	1.95%
Aug 26	A	Weak or Absent	Up	Up	Flat	2.20%
Aug 23	A	Weak or Absent	Up	Up	Flat	2.36%
Aug 22	A	Weak or Absent	Up	Up	Up	2.07%
Aug 21	A	Weak or Absent	Up	Up	Flat	2.48%
Aug 20	A	Weak or Absent	Up	Up	Up	2.15%
Aug 19	A	Weak or Absent	Up	Up	Up	2.43%
Aug 16	A	Weak or Absent	Up	Up	Up	2.36%
Aug 15	A	Weak or Absent	Up	Up	Up	2.64%