Trend Table for SAT - Saratoga Investment Corp 6.00% Notes due 2027

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	A	Very Strong	Up	Flat	Flat	5.26%
May 2	B	Very Strong	Up	Flat	Flat	5.69%
May 1	A	Very Strong	Up	Flat	Flat	5.52%
Apr 30	A	Very Strong	Up	Up	Up	5.13%
Apr 29	A	Very Strong	Up	Flat	Flat	5.56%
Apr 26	B	Strong	Up	Down	Flat	6.32%
Apr 25	B	Strong	Up	Flat	Flat	5.78%
Apr 24	B	Strong	Up	Down	Flat	6.40%
Apr 23	B	Strong	Up	Flat	Flat	5.78%
Apr 22	B	Strong	Up	Flat	Flat	6.18%