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AFTER MARKET UPDATE - FRIDAY, JULY 22ND, 2016
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DOW |
+53.62 |
18,570.85 |
+0.29% |
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Volume |
732,846,600 |
-9% |
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Volume |
1,513,417,020 |
-12% |
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NASDAQ |
+26.26 |
5,100.16 |
+0.52% |
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Advancers |
1,971 |
67% |
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Advancers |
1,873 |
66% |
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S&P 500 |
+9.86 |
2,175.03 |
+0.46% |
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Decliners |
979 |
33% |
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Decliners |
985 |
34% |
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Russell 2000 |
+9.03 |
1,212.89 |
+0.75% |
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52 Wk Highs |
218 |
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52 Wk Highs |
130 |
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S&P 600 |
+4.87 |
741.86 |
+0.66% |
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52 Wk Lows |
6 |
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52 Wk Lows |
23 |
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Major Averages Rose With Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.3%, the S&P 500 gained 0.6% and the Nasdaq Composite added 1.4%. Stocks finished higher on Friday. The Dow was up 53 points to 18570. The S&P 500 added 9 points to 2175 and the Nasdaq Composite gained 26 points to 5100. The benchmark S&P 500 Index and the Dow Jones Industrial Average both remain perched at record highs. Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). Volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 2-1 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 54 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 43 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average is perched near a new record high.
The S&P 500 advanced for its fourth consecutive week as a rally in Utilities outweighed concerns of mixed earnings reports. AT&T (T +1.39%) rose as the telecommunications giant matched Wall Street estimates and increased wireless subscribers. General Electric (GE -1.63%) fell with news the company reported a 2% drop in orders this quarter. On the data front, Markit's survey of U.S manufacturing rose to 52.9 in June, above expectations of a 51.5 reading and last month's 51.3 reading. All 10 sectors in the S&P 500 finished in positive territory. Utilities and Telecom Stocks were the best performing groups. American Airlines (AAL +4.00%) gained as the company's profit bested expectations on lower fuel costs. Whirlpool (WHR +2.68%) rose as the appliance maker raised its full-year earnings forecast. Honeywell (HON -2.57%) fell after revenue missed analyst projections. PayPal (PYPL -6.75%) was a notable decliner after receiving negative analyst commentary. Treasuries were mixed with the benchmark 10-year note down 3/32 to yield 1.56%. In commodities, NYMEX WTI crude fell 1.3% to $44.19/barrel. COMEX gold lost 0.6% to $1323.40/ounce. In FOREX, the dollar climbed 1% against the British pound.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.44%), Bank Index ($BKX +0.58%), and Broker/Dealer Index ($XBD +0.79%) helped boost the major averages on Friday. The Biotechnology Index ($BTK +0.23%), Semiconductor Index ($SOX +0.55%) and Networking Index ($NWX +0.68%) were unanimously higher. The Integrated Oil Index ($XOI -0.09%), Oil Services Index ($OSX -0.20%), and the Gold & Silver Index ($XAU -0.29%) edged lower. Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +0.68%) is consolidating near prior highs.
| Oil Services |
$OSX |
164.21 |
-0.32 |
-0.19% |
+4.11% |
| Integrated Oil |
$XOI |
1,128.17 |
-1.04 |
-0.09% |
+5.17% |
| Semiconductor |
$SOX |
742.37 |
+4.07 |
+0.55% |
+11.89% |
| Networking |
$NWX |
384.20 |
+2.60 |
+0.68% |
+2.20% |
| Broker/Dealer |
$XBD |
161.06 |
+1.26 |
+0.79% |
-9.56% |
| Retail |
$RLX |
1,340.65 |
+5.87 |
+0.44% |
+4.46% |
| Gold & Silver |
$XAU |
103.74 |
-0.30 |
-0.29% |
+129.01% |
| Bank |
$BKX |
67.50 |
+0.39 |
+0.58% |
-7.64% |
| Biotech |
$BTK |
3,246.15 |
+7.60 |
+0.23% |
-14.89% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now! You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please. **Serious inquires only, please. |
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$274.16
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+3.25
1.20% |
$274.47
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268,723
34.19% of 50 DAV
50 DAV is 786,000
|
$276.14
-0.72%
|
5/11/2016
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$248.33
|
PP = $245.00
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MB = $257.25
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Most Recent Note - 7/18/2016 5:43:22 PM
G - Volume totals have been cooling while hovering near all-time highs. Recent lows and its 50 DMA line ($258) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Near Highs After Finding Support Above 50-Day Moving Average Line - 7/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$196.02
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-1.35
-0.68% |
$198.48
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868,737
59.30% of 50 DAV
50 DAV is 1,465,000
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$202.70
-3.30%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 7/20/2016 5:52:53 PM
G - Color code is changed to green while trading above its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016 |
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Company Profile |
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News |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$39.19
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+0.17
0.44% |
$39.31
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81,071
31.67% of 50 DAV
50 DAV is 256,000
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$41.76
-6.15%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 7/20/2016 5:50:55 PM
Y - Volume totals have been cooling while consolidating after hitting a new high on 7/15/16 as its gain backed by +57% above average volume clinched a technical buy signal. Reported earnings increases more than +25% (C criteria) in the past 3 quarterly comparisons through Mar '16. Annual earnings (A criteria) have improved after a downturn in FY '11.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
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News |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$21.10
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+0.28
1.34% |
$21.11
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599,693
55.84% of 50 DAV
50 DAV is 1,074,000
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$21.50
-1.86%
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5/16/2016
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$19.24
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PP = $19.20
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MB = $20.16
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Most Recent Note - 7/21/2016 4:29:58 PM
G - Pulled back on light volume today following 3 consecutive gains for new highs well above its "max buy" level. Recent lows and the 200 DMA line in the $16.70 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016 |
View all notes |
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Company Profile |
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News |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$64.20
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+0.33
0.52% |
$64.26
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115,049
76.70% of 50 DAV
50 DAV is 150,000
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$68.13
-5.77%
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5/24/2016
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$53.45
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PP = $50.68
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MB = $53.21
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Most Recent Note - 7/22/2016 9:05:43 PM
G - Extended from any sound base. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($56.54) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
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$60.45
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+0.32
0.53% |
$60.57
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1,787,515
101.21% of 50 DAV
50 DAV is 1,766,200
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$62.17
-2.77%
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6/22/2016
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$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 7/21/2016 4:26:56 PM
Y - Pulled back from all-time highs and ended near the session low with a big loss today on higher (near average) volume. Recently noted with caution as it wedged higher on light volume.
>>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016 |
View all notes |
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Company Profile |
SEC
News |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$31.69
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+0.36
1.15% |
$31.86
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48,770
39.33% of 50 DAV
50 DAV is 124,000
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$32.45
-2.34%
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4/19/2016
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$28.20
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PP = $28.10
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MB = $29.51
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Most Recent Note - 7/19/2016 5:28:08 PM
G - Pulled back today on lighter volume, retreating from new all-time highs after an impressive streak of 10 consecutive gains. Its 50 DMA line ($27.95) and recent lows in the $24-25 area define near-term support to watch. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
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News |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$51.59
|
+0.13
0.25% |
$52.01
|
72,614
62.60% of 50 DAV
50 DAV is 116,000
|
$53.58
-3.71%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 7/20/2016 5:45:30 PM
Y - Churned above average volume today without making price progress, a sign of distributional pressure. Finished near its prior high and pivot point with a big volume-driven gain on the prior session after highlighted in yellow with pivot point cited based on the 6/01/16 high plus 10 cents - "A volume-driven gain and strong close above the pivot point may help clinch a convincing technical buy signal. Reported earnings +31% on +17% sales revenues for the Jun '16 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's guidelines." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016 |
View all notes |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$25.75
|
+0.09
0.33% |
$25.99
|
290,405
31.09% of 50 DAV
50 DAV is 934,000
|
$28.72
-10.36%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 7/19/2016 5:26:37 PM
Y - Highlighted in yellow with pivot point cited based on its 4/28/16 high plus 10 cents. Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Consolidating in a tight trading range since it completed another Secondary Offering on 6/06/16. Such offerings often hinder upward price progress for the short term, yet they also help to attract more institutional sponsorship. Prior mid-day reports noted - "Reported earnings +82% on +19% sales revenues for the Apr '16 quarter, continuing its strong earnings track record. Completed a Secondary Offering on 2/18/16, and it completed its $16 IPO on 7/16/15." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
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News |
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C
A
S
I |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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