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 7	B	Strong	Up	Flat	Up	0.52%
Nov 6	B	Strong	Up	Flat	Flat	0.58%
Nov 5	C	Strong	Up	Flat	Flat	1.11%
Nov 4	C	Strong	Up	Flat	Flat	1.11%
Nov 1	A	Strong	Up	Flat	Flat	0.95%
Oct 31	A	Strong	Up	Flat	Flat	1.26%
Oct 30	B	Strong	Up	Flat	Flat	1.19%
Oct 29	B	Strong	Up	Flat	Flat	1.23%
Oct 28	A	Strong	Up	Flat	Flat	1.07%
Oct 25	B	Strong	Up	Flat	Down	1.27%