Trend Table for SAZ - Saratoga Investment Corp 8.50% Notes due 2028

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 21	A	Strong	Up	Up	Flat	0.00%
Nov 20	A	Strong	Up	Up	Flat	0.00%
Nov 19	A	Strong	Up	Up	Up	-0.37%
Nov 18	A	Strong	Up	Up	Up	-0.39%
Nov 15	A	Strong	Up	Up	Up	-0.12%
Nov 14	A	Strong	Up	Flat	Flat	0.40%
Nov 13	A	Strong	Up	Flat	Flat	0.34%
Nov 12	A	Strong	Up	Flat	Flat	0.33%
Nov 11	B	Strong	Up	Up	Up	0.21%
Nov 8	B	Strong	Up	Flat	Flat	0.54%