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 14	A	Weak or Absent	Up	Up	Flat	3.06%
Aug 13	A	Weak or Absent	Up	Up	Flat	2.98%
Aug 12	A	Weak or Absent	Up	Up	Flat	3.51%
Aug 9	A	Weak or Absent	Up	Up	Up	2.78%
Aug 8	A	Weak or Absent	Up	Up	Flat	3.22%
Aug 7	A	Weak or Absent	Up	Up	Flat	3.42%
Aug 6	A	Weak or Absent	Up	Flat	Flat	3.89%
Aug 5	A	Weak or Absent	Up	Up	Up	2.98%
Aug 2	A	Weak or Absent	Up	Up	Flat	3.55%
Aug 1	A	Weak or Absent	Up	Up	Up	3.13%