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
Sep 27	B	Strong	Up	Up	Flat	1.44%
Sep 26	B	Very Strong	Up	Up	Flat	1.12%
Sep 25	B	Very Strong	Up	Up	Flat	1.32%
Sep 24	B	Very Strong	Up	Up	Flat	1.12%
Sep 23	B	Strong	Up	Up	Flat	1.32%
Sep 20	B	Strong	Up	Up	Flat	1.30%
Sep 19	B	Strong	Up	Up	Flat	1.04%
Sep 18	B	Strong	Up	Up	Flat	1.23%
Sep 17	A	Strong	Up	Up	Flat	1.28%
Sep 16	A	Strong	Up	Up	Flat	1.51%