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Stocks4life

Breakout and Gap Stocks

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QCOR

 

moving higher today, watch for breakout above 50.63

 

VOLUME 927.6k shares, +4% compared to typical volume of 892.3k by 1:25 pm ET (15-20 min delayed).

Typical daily volume is 1.65mil shares over the past 6 months.

 

BREAKOUT WATCH for possible breakout above 50.63, no resistance in area just above.

Type: True breakout from double resistance.

Target: 59, 18.3% Stop: 46.54, Loss: 6.7%, Profit/Loss ratio: 2.7 : 1 - Good

 

CURRENT PRICE 49.86, at resistance, 48.89 ± 1.71, type double, strength 8

RESISTANCE ABOVE None.

 

QCOR_7_26.png

 

source: Consultant - QCOR Stock Charts Analysis, Questcor Pharmaceuticals

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GRPN

 

moving higher on good volume today, watch for breakout above 9.37

 

VOLUME 12.37mil shares, +7% compared to typical volume of 11.56mil by 3:05 pm ET (15-20 min delayed).

Typical daily volume is 16.05mil shares over the past 6 months.

 

BREAKOUT WATCH for possible breakout above 9.37, no resistance in area just above.

Type: True breakout from double resistance.

Target: 10.83, 17.5% Stop: 8.73, Loss: 5.3%, Profit/Loss ratio: 3.3 : 1 - Excellent

 

CURRENT PRICE 9.22, at resistance, 9.06 ± 0.3, type double, strength 4

RESISTANCE ABOVE None.

 

GRPN_7_26.png

 

source: Consultant - GRPN Stock Charts Analysis, Groupon` Inc.

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DDD

 

watch for breakout above 50.63 and strong triple resistance, 111% higher volume today

 

VOLUME 4.69mil shares, +111% compared to typical volume of 2.23mil by 12:55 pm ET (15-20 min delayed).

High Volume alert!

Typical daily volume is 4.55mil shares over the past 6 months.

 

BREAKOUT WATCH for possible breakout above 50.63, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 57.99, 16.2% Stop: 46.99, Loss: 5.8%, Profit/Loss ratio: 2.8 : 1 - Good

 

CURRENT PRICE 49.9, at resistance, 49.08 ± 1.52, type triple, strength 10

RESISTANCE ABOVE None.

 

DDD_7_29.png

 

source: Consultant - DDD Stock Charts Analysis, 3d Systems Corp

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AVD

 

good volume today with a breakout watch above 25.33 and strong double resistance with a possible price gap fill.

 

VOLUME 236.6k shares, +7.2% compared to typical daily volume over the past 6 months.

Typical daily volume is 220.7k shares over the past 6 months.

 

CURRENT PRICE 25.24, at resistance, 24.85 ± 0.47, type double, strength 10

RESISTANCE ABOVE +11.8% at 28.23 ± 0.54, type triple, strength 8

+18% at 29.79 ± 0.57, type double, strength 10

 

BREAKOUT WATCH for possible breakout above 25.33, no resistance in area just above.

Type: True breakout from double resistance.

Target: 27.59, 9.3% Stop: 24.36, Loss: 3.5%, Profit/Loss ratio: 2.7 : 1 - Good

 

 

AVD_7_29.png

 

source: Consultant - AVD Stock Charts Analysis, American Vanguard Corp

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FSLR

 

holding strong triple support at 46.14 area, first upside target 55.07

 

CURRENT PRICE 48.05, just above support or resistance, 46.14 ± 1.38, type triple+, strength 10

 

SUPPORT BELOW -4% at 46.14 ± 1.38, type triple+, strength 10

-13.2% at 41.69 ± 1.25, type single, strength 5

 

RESISTANCE ABOVE +5.7% at 50.8 ± 1.52, type triple, strength 10

+14.6% at 55.07 ± 1.65, type double, strength 10

 

TRADE QUALITY 90%, Excellent

High trade quality is a combination of good profit, profit/loss ratio and target potential.

 

TARGET 1 Price: 55.07 Profit: 14.6% , for a typical rally.

Stop Limit/Trailing Stop Limit: 46.34 Loss: 3.6%

Profit/Loss Ratio: 4.1 : 1 - Excellent

 

FSLR_7_30.png

 

source: Consultant - FSLR Stock Charts Analysis, First Solar Inc

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CMG

 

held gap up for two weeks now a continuation breakout above 410.51

 

BREAKOUT WATCH for possible breakout above 410.51, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 434.5, 6.2% Stop: 403.1, Loss: 1.5%, Profit/Loss ratio: 4.1 : 1 - Excellent

 

CURRENT PRICE 409.35, at resistance, 405.1 ± 5.27, type single, strength 1

RESISTANCE ABOVE None.

 

SUPPORT BELOW -5.8% at 385.7 ± 5.01, type single, strength 1

-8.3% at 375.4 ± 4.88, type triple, strength 9

 

CMG_7_31.png

 

source: Consultant - Stock Charts, Technical Analysis

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REGI

 

big move on big volume today (282% higher) confirmed breakout above 14.96

 

VOLUME 1.03mil shares, +282% compared to typical volume of 270.7k by 1:55 pm ET (15-20 min delayed).

High Volume alert!

Typical daily volume is 458.8k shares over the past 6 months.

 

BREAKOUT CONFIRMED breakout above 14.96, no resistance in area just above.

Type: True breakout from triple+ resistance.

Target: 17.57, 14.9% Stop: 14.26, Loss: 6.7%, Profit/Loss ratio: 2.2 : 1 - Good

 

CURRENT PRICE 15.29, just above resistance, 14.44 ± 0.52, type triple+, strength 10

RESISTANCE ABOVE None.

 

REGI_7_31.png

 

source: Consultant - REGI Stock Charts Analysis, Renewable Energy Group` Inc

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CREE

 

showing intraday strength and edging higher to the double resistance area, under watch for a breakout above 70.92 to new highs.

 

BREAKOUT WATCH for possible breakout above 70.92, no resistance in area just above.

Type: True breakout from double resistance.

Target: 77.97, 11.5% Stop: 67.54, Loss: 3.4%, Profit/Loss ratio: 3.4 : 1 - Excellent

 

CURRENT PRICE 69.9, at resistance, 69.48 ± 1.46, type double, strength 2

RESISTANCE ABOVE None.

 

SUPPORT BELOW -7% at 65 ± 1.37, type single, strength 5

-10.6% at 62.52 ± 1.31, type double, strength 8

 

CREE_7_31.png

 

source: Consultant - CREE Stock Charts Analysis, Cree Incorporated

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TIF

 

TIF (Tiffany & Co) following SIG (Jewelry Stores) with a confirmed breakout above 80.28

 

BREAKOUT CONFIRMED breakout above 80.28, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 85.04, 4.9% Stop: 79.29, Loss: 2.2%, Profit/Loss ratio: 2.2 : 1 - Good

 

CURRENT PRICE 81.1, just above resistance, 79.28 ± 1.03, type triple, strength 9

RESISTANCE ABOVE None.

 

TIF_8_1.png

 

source: Consultant - TIF Stock Charts Analysis, Tiffany & Co

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US July ISM Manufacturing Index rises to 55.4 beating the estimate of 52.0

 

S&P 500 Climbs Above 1,700 for the First Time on Stimulus Bets, Economic Reports

 

So its China Down and US up again..:D

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MNKD

 

confirmed breakout above 7.85 on 164% higher volume

 

BREAKOUT CONFIRMED breakout above 7.85, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 9.05, 13% Stop: 7.53, Loss: 6%, Profit/Loss ratio: 2.2 : 1 - Good

 

CURRENT PRICE 8.01, just above resistance, 7.59 ± 0.26, type triple, strength 10

RESISTANCE ABOVE None.

 

MNKD_8_1.png

 

source: Consultant - MNKD Stock Charts Analysis, Mannkind Corp

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ARUN

 

watch for breakout above 18.06 and into the price gap

 

BREAKOUT WATCH for possible breakout above 18.06, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 19.64, 9.1% Stop: 17.42, Loss: 3.2%, Profit/Loss ratio: 2.8 : 1 - Good

 

CURRENT PRICE 18, at resistance, 17.7 ± 0.35, type single, strength 5

RESISTANCE ABOVE +13.7% at 20.46 ± 0.41, type single, strength 1

+19.4% at 21.49 ± 0.43, type single, strength 3

 

ARUN_7_25.png

 

source: Consultant - ARUN Stock Charts Analysis, Aruba Networks Inc

 

ARUN now a confirmed breakout entering the price gap

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HPQ

 

starting to move higher today after almost a month of price consolidation, watch for breakout above 26.79

 

BREAKOUT WATCH for possible breakout above 26.79, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 28.85, 8.4% Stop: 25.8, Loss: 3%, Profit/Loss ratio: 2.8 : 1 - Good

 

CURRENT PRICE 26.61, at resistance, 26.34 ± 0.45, type single, strength 1

RESISTANCE ABOVE None.

 

HPQ_8_2.png

 

source: Consultant - HPQ Stock Charts Analysis, Hewlett-Packard Co

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ACAD

 

starting to move higher after two months of price consolidation, watch for breakout above 20.71 (strong triple resistance)

 

BREAKOUT WATCH for possible breakout above 20.71, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 24.73, 21.2% Stop: 19.37, Loss: 5.1%, Profit/Loss ratio: 4.2 : 1 - Excellent

 

CURRENT PRICE 20.41, at resistance, 19.88 ± 0.82, type triple, strength 9

RESISTANCE ABOVE None.

 

SUPPORT BELOW -10.7% at 18.22 ± 0.75, type single, strength 8

-29.1% at 14.47 ± 0.59, type double, strength 10

 

ACAD_8_2.png

 

source: Consultant - ACAD Stock Charts Analysis, Acadia Pharmaceuticals

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EA

 

continues strong, under watch for a continuation breakout above 26.99 (single resistance)

 

BREAKOUT WATCH for possible breakout above 26.99, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 29.08, 9.1% Stop: 26.09, Loss: 2.1%, Profit/Loss ratio: 4.3 : 1 - Excellent

 

CURRENT PRICE 26.66, at resistance, 26.52 ± 0.48, type single, strength 1

RESISTANCE ABOVE None.

 

SUPPORT BELOW -10.4% at 23.9 ± 0.43, type double, strength 2

-13.4% at 23.09 ± 0.42, type double, strength 4

 

EA_8_5.png

 

source: Consultant - EA Stock Charts Analysis, Electronic Arts Inc

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PSMI

 

watch for a bottom breakout above 11.52 (triple resistance) and second leg

higher

 

BREAKOUT WATCH for possible breakout above 11.52, no resistance in area just above.

Type: True breakout from triple+ resistance.

Target: 12.9, 14% Stop: 10.98, Loss: 3%, Profit/Loss ratio: 4.7 : 1 - Excellent

 

CURRENT PRICE 11.32, at resistance, 11.22 ± 0.3, type triple+, strength 10

RESISTANCE ABOVE +14.2% at 12.93 ± 0.35, type single, strength 2

+32.4% at 14.99 ± 0.4, type single, strength 1

 

PSMI_8_6.png

 

source: Consultant - PSMI Stock Charts Analysis, Peregrine Semiconductor Corp

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CI

 

watch for breakout above 79.23 (double resistance)

 

BREAKOUT WATCH for possible breakout above 79.23, no resistance in area just above.

Type: True breakout from double resistance.

Target: 84.49, 7.1% Stop: 77.37, Loss: 1.9%, Profit/Loss ratio: 3.7 : 1 - Excellent

 

CURRENT PRICE 78.9, at resistance, 78.15 ± 1.09, type double, strength 3

RESISTANCE ABOVE None.

 

CI_8_8.png

 

source: Consultant - CI Stock Charts Analysis, Cigna Corp

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EMC

 

strong bounce off recent support with a confirmed continuation breakout above 26.87

 

BREAKOUT CONFIRMED breakout above 26.87, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 28.1, 4.5% Stop: 26.35, Loss: 2%, Profit/Loss ratio: 2.3 : 1 - Good

 

CURRENT PRICE 26.88, just above resistance, 26.59 ± 0.27, type single, strength 3

RESISTANCE ABOVE None.

 

EMC_8_8.png

 

source: Consultant - EMC Stock Charts Analysis, Emc Corp

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ACI

 

bottom area breakout watch above 4.3

 

BREAKOUT WATCH for possible breakout above 4.3, no resistance in area just above.

Type: True breakout from double resistance.

Target: 4.98, 19.7% Stop: 3.91, Loss: 6%, Profit/Loss ratio: 3.3 : 1 - Excellent

 

CURRENT PRICE 4.16, at resistance, 4.16 ± 0.14, type double, strength 6

RESISTANCE ABOVE +19% at 4.95 ± 0.17, type triple+, strength 10

+27.2% at 5.29 ± 0.18, type triple, strength 10

 

SUPPORT BELOW -5.3% at 3.94 ± 0.13, type triple, strength 7

-12% at 3.66 ± 0.12, type single, strength 1

 

ACI_8_9.png

 

source: Consultant - ACI Stock Charts Analysis, Arch Coal Inc

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P (Pandora Media Inc)

 

watch for breakout above 20.28, 22.6% higher volume

 

VOLUME 2.33mil shares, +22.6% compared to typical volume of 1.9mil by 11:25 am ET (15-20 min delayed).

Typical daily volume is 5.58mil shares over the past 6 months.

 

BREAKOUT WATCH for possible breakout above 20.28, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 22.24, 10% Stop: 19.41, Loss: 4%, Profit/Loss ratio: 2.5 : 1 - Good

 

CURRENT PRICE 20.22, at resistance, 19.84 ± 0.44, type single, strength 5

RESISTANCE ABOVE None.

 

SUPPORT BELOW -5.2% at 19.16 ± 0.42, type double, strength 4

-18.7% at 16.43 ± 0.36, type single, strength 3

 

P_8_12.png

 

source: Consultant - P Stock Charts Analysis, Pandora Media Inc

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DDD

 

watch for new highs breakout above 50.48 (three month strong triple resistance area)

 

VOLUME 4.96mil shares, +9.9% compared to typical daily volume over the past 6 months.

Typical daily volume is 4.51mil shares over the past 6 months.

 

BREAKOUT WATCH for possible breakout above 50.48, no resistance in area just above.

Type: True breakout from triple+ resistance.

Target: 57.89, 16.3% Stop: 46.99, Loss: 5.6%, Profit/Loss ratio: 2.9 : 1 - Good

 

CURRENT PRICE 49.76, at resistance, 48.95 ± 1.52, type triple+, strength 10

RESISTANCE ABOVE None.

 

SUPPORT BELOW -6.9% at 46.31 ± 1.44, type double, strength 8

-11.9% at 43.82 ± 1.36, type triple, strength 10

-16.3% at 41.67 ± 1.29, type double, strength 10

 

DDD_8_12.png

 

source: Consultant - DDD Stock Charts Analysis, 3d Systems Corp

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MRVL

 

confirmed continuation breakout today on good volume

 

VOLUME 5.38mil shares, +44.1% compared to typical volume of 3.73mil by 1:25 pm ET (15-20 min delayed).

Typical daily volume is 6.91mil shares over the past 6 months.

 

BREAKOUT CONFIRMED breakout above 13.28, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 14.22, 6.8% Stop: 12.9, Loss: 3.2%, Profit/Loss ratio: 2.1 : 1 - Fair

 

CURRENT PRICE 13.32, just above resistance, 13.07 ± 0.21, type single, strength 1

RESISTANCE ABOVE None.

 

SUPPORT BELOW -1.9% at 13.07 ± 0.21, type single, strength 1

-10.1% at 11.97 ± 0.19, type double, strength 2

 

MRVL_8_13.png

 

source: Consultant - MRVL Stock Charts Analysis, Marvell Technology Group

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A (Agilent Technologies Inc)

 

confirmed breakout above 47.03 (triple resistance) on 272% higher volume

 

VOLUME 1.99mil shares, +272% compared to typical volume of 536.4k by 10:25 am ET (15-20 min delayed).

High Volume alert!

Typical daily volume is 3.35mil shares over the past 6 months.

 

BREAKOUT CONFIRMED breakout above 47.03, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 49.71, 4.6% Stop: 46.59, Loss: 1.9%, Profit/Loss ratio: 2.4 : 1 - Good

 

CURRENT PRICE 47.51, just above resistance, 46.48 ± 0.56, type triple, strength 7

RESISTANCE ABOVE None.

 

SUPPORT BELOW -2.2% at 46.48 ± 0.56, type triple, strength 7

-5.1% at 45.11 ± 0.54, type triple+, strength 10

 

A_8_15.png

 

source: Consultant - A Stock Charts Analysis, Agilent Technologies Inc

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SWKS

 

watch for breakout above 25.01 (strong triple resistance)

 

BREAKOUT WATCH for possible breakout above 25.01, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 26.71, 7.9% Stop: 24.26, Loss: 2%, Profit/Loss ratio: 4 : 1 - Excellent

 

CURRENT PRICE 24.75, at resistance, 24.65 ± 0.35, type triple, strength 10

RESISTANCE ABOVE None.

 

SUPPORT BELOW -3.8% at 23.82 ± 0.33, type triple+, strength 10

-7.7% at 22.84 ± 0.32, type triple, strength 8

 

SWKS_8_19.png

 

source: Consultant - SWKS Stock Charts Analysis, Skyworks Solutions Inc

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NFLX

 

watch for breakout above 273.28, target 309.4 (+14.4%)

 

BREAKOUT WATCH for possible breakout above 273.28, no resistance in area just above.

Type: True breakout from double resistance.

Target: 309.4, 14.4% Stop: 258.8, Loss: 4.3%, Profit/Loss ratio: 3.4 : 1 - Excellent

 

CURRENT PRICE 270.37, at resistance, 265.6 ± 7.7, type double, strength 6

RESISTANCE ABOVE None.

 

SUPPORT BELOW -9.6% at 244.4 ± 7.09, type triple, strength 10

-16.5% at 225.8 ± 6.55, type triple, strength 5

 

NFLX_8_22.png

 

source: Consultant - NFLX Stock Charts Analysis, Netflix Inc

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The NASDAQ fell 1.20% during the day’s first two sessions due to geopolitical tensions triggering a much lower risk appetite. This is due to the US as well as other countries agreeing to allow Ukraine to strike Russia with foreign made weapons. Ukraine quickly took advantage of this by firing ATACMS into Russia. Russia responded by changing their nuclear weapon use doctrine. Here we can see why the global stock market fell rapidly. However, why did the market recover during the US session? During the US session, the risk appetite and confidence of the market improved as the White House confirmed nothing changes with Russia changing their Nuclear Weapons Doctrine. In addition to this, President Putin also said that he would be willing to start peace talks with President Elect Trump. Lastly, the market also took the opportunity to purchase the lower price since NVIDIA’s earnings report is imminent and Walmart already beat their earnings expectations. Walmart is not a component of the NASDAQ, but has improved the sentiment towards the US stock market. NVIDIA, which is on the NASDAQ, is set to release their quarterly earnings report after market close. NVIDIA stock rose 4.89% yesterday and a further 0.47% this morning indicating the market expects a beat. Analysts expect the company’s Earnings Per Share to rise from $0.68 to $0.75 and revenue from $30.04 billion to $33.14 billion. As no US economic data is set to be made public throughout the day, investors are solely concentrating on geopolitical tensions and earnings. The price of the NASDAQ rose above the 75-bar exponential moving average on the 2-hour chart for the first time since 14th. Traders will be monitoring whether the index will be able to maintain momentum above this level and if the price may also rise above the 100-bar SMA. Traders will be waiting for the NASDAQ to regain bullish momentum and if so will act accordingly. Buy signals are likely to rise if the price increases above $20,764.30 and intensifies above $20,777.93. GBPUSD – UK Inflation Rises Above Expectations! The price of the GBPUSD increased in value taking the exchange rate to a 1-week high, but concerns remain according to analysts. The exchange rate is trading 0.30% higher after the UK made public their latest inflation rate. The UK inflation rate rose from 1.7% to 2.3% which is higher than previous expectations and considerably higher than the previous month. The GBP is currently the best performing currency with the Pound index trading 0.21% higher. However, the second best performing is the US Dollar Index which is trading 0.14% higher. Therefore, investors need to be cautious that a retrace or correction is still possible while the US Dollar Index remains high. Currently the Pound is coming under pressure from the Autumn Budget and from farming strikes which are continuing. However, comments from the Bank of England could support the currency. The BoE warns that planned National Insurance hikes in the Labour budget may drive up prices, slow wage growth, and reduce hiring. Significant inflation could force prolonged tight monetary policy. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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