The Top Three Bullishly Trending Stocks above 200 day SMA Scan

When swing trading, we like scanning for “strong stocks getting stronger.”

A simple, effective method for doing so is to identify stocks extended above their rising 200 day Simple Moving Average.

Let’s highlight the Top Three Trending Stocks right now under this metric:

Bullish Stock Scan Trending Above 200 day SMA NVDA

Bullish Stock Scan Trending Above 200 day SMA NRG

Bullish Stock Scan Trending Above 200 day SMA VRTX

Strongly trending stock NVIDIA (NVDA) tops our list of stocks extended (by percentage) above the 200 day SMA.

The last time we discussed this stock on the blog was April 18th, highlighting (correctly) the critical bullish support level.

Next up is NRG Energy (NRG) surging higher in a gap-up situation as the uptrend continues.

The third strongly trending stock of the day is Vertex Pharma (VRTX), a name that’s been popular on social media in part due to its uptrend and most recently with the gap-up above $ 160 per share.

Use these as starting points for additional research and trade identification – including our favorite retracement strategies – for future opportunities into these “strong stocks getting stronger.”

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Corey Rosenbloom, CMT

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


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Twelve Stocks in Strong Rising Trend Channel Scan June 9

Sometimes the simplest stock scans are the best.

As the stock market powers through to all-time highs, let’s highlight twelve uptrending stocks in strong channels, courtesy FinViz Screener:

This is just a quick, no-frills scan to identify S&P 500 stocks in strong uptrend channels.

We like to buy on pullbacks in rising trends, expecting that “stocks which are strong tend to get stronger.”

As always, scans are just a departure point for additional analysis and trade identification.

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Corey Rosenbloom, CMT

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


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Triangle Midday Market Update and Stock Scan July 26

Today’s market activity was a volatile, big swing event that resulted in an intraday triangle pattern.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

Price continues to trade within the wider range between the 2,160 and 2,175 level.

While it’s a lengthy consolidation rectangle, today saw a tighter triangle compression take hold near 2,165.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

ZERO stocks in the Utility sector were positive today and 10% of stocks in Staples were positive.

This suggests a bullish edge to Money Flow as seen at the sector performance level.

All Offensive Sectors were above 50% and trending higher as seen in the grid above.

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Wolverine (WWW), Texas Instruments (TXN), Analog (ADI), and Caterpillar (CAT)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Cadence (CDNS), McDonald’s (MCD), Reynold’s (RAI), and Coors Brewing (TAP).

See this morning’s update about McDonald’s (MCD) collapsing.

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Retracing Market Update and Stock Scan July 21

An actual retracement!  Prices can actually fall!  We’re all so surprised!

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

A lengthy rally with negative divergences set the stage for today’s pullback away from the 2,175 level.

Price fell all the way toward the 2,160 target before reversing up away from 2,160 on positive divergences.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Our Sector Strength (Money Flow) shows across the board weakness EXCEPT in the Defensive Groups.

Utilities and Health Care were the strongest sectors followed by Consumer Discretionary.

Energy is today’s weakest group.

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Pulte Groups (PHM), eBay, IMAX Corp, and Biogen (BIIB)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Southwest Airlines (LUV), Sherwin-Williams (SHW), Raytheon (RTN), and Nike (NKE)

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Corey Rosenbloom, CMT
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Neverending Bull Market Breakout and Stock Scan July 20

Buyers continued to short-squeeze the market through to new all-time highs!

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

We’ve seen numerous bullish upside gaps result in bullish trend days lately as the short-squeezed bullish rally continues.

Today we saw another break through the 2,170 level that extended the S&P 500 toward 2,170.

Despite an midday pullback, buyers stepped back in to close the S&P 500 at another all-time high.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Everything is bullish today… except Staples and Utilities – and to an extent, Energy.

In fact, our Defensive Groups are the weakest sectors of the day while all Bullish Groups are strong and getting stronger.

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Allied World (AWH), Cintas (CTAS), SAP, and Tupperware (TUP)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Agnico Eagle (AEM), Campell (CPB), Newmont Mining (NEM), and Rangold (GOLD)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Nonstop Bullish March Update and Stock Scan July 14

Buyers continued to short-squeeze the market through to new all-time highs!

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

We’ve seen numerous bullish upside gaps result in bullish trend days lately as the short-squeezed bullish rally continues.

Today we saw a surprise break through the 2,160 level that extended the S&P 500 toward 2,170.

Despite an intraday pullback – another one like yesterday – buyers stepped back in to close the market at the highs.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Everything is bullish today… except Utilities.

In fact, our Defensive Groups are the weakest sectors of the day while all Bullish Groups are strong and getting stronger.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

CREE, EBAY, Goldman Sachs (GS), and Pfizer (PFE)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Acadia (ACHC), CubeSmart (CUBE), Sally Beauty (SBH), and Molson Coors (TAP)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Big Jobs Breakout Market Update and Stock Scan July 8

Jobs are expanding everywhere!

That’s the take-away from the stock market today to the better-than-expected June Jobs Report.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

Once price gapped up away from the 2,100 pivot level, the buyers overpowered the short-sellers as sellers became buyers (to cover losses).

The short-squeeze impulse took price up in a powerful trend day all day long, closing near the all-time high.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

All sectors and almost all stocks – 98% – were positive today.

This meant you could close your eyes and buy shares and have a great chance of profiting from the bullish money flow.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

United Rentals (URI), BHP Billiton (BBL), Fortinet (FTNT), and Franklin Resources (BEN)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

NONE!

There were NO candidates to short sell today. There never are on Trend Days like this.  Don’t even try.

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Reversal Market Update and Stock Scan of the Day July 7

We’re seeing a slight Bull Trap and continuation of our higher frame range for the market today.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

The up-swing rally away from the 2,080 pivot continued with price initially pushing – on negative internal divergences – beyond the 2,100 “Round Number” Target.

Sellers stepped in as buyers took profits, resulting in a reversal back under 2,100 to our 2,090 support line.

We’re again focusing on the interplay between 2,090 and 2,100 for the remainder of the session as a positive divergence sets in motion a likely upswing into the close.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Would you believe zero Utilities Sector stocks are positive today?

Also Energy is weak while all other sectors – except Staples – are strong.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Costco (COST), Blue Buffalo (BUFF), 2U (TWOU), and Weibo (WB)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Humana (HUM), Corporate Office (OFC), UDR, and Rangold (GOLD)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Retracing Market Update July 5 and Big Stock Scan

We’re seeing a logical sell-swing retracement in the market to a key target level.  Let’s focus on it now.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

After four up-days in a row following the Brexit, we’re seeing a stable retracement down away from the 2,100 target level.

We have new @ES Fibonacci Grid levels for short-term or intraday traders as seen in this morning’s post.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

As is typical Money Flow behavior, our three strongest sectors today are the “Defensive” or Risk-Off Group of Staples, Utilities, and Health Care.

All other sectors are weak while no stocks are positive right now in the Energy sector.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

National Storage (NSA), Proctor & Gamble (PG), Realty Income (O), and Rangold (GOLD)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Prudential (PUK), BT Group (BT), CVENT (CVT), and ASML Holdings

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Bouncing Market Update and Stock Scan for June 28

What goes down must eventually come back up in the market.

Yesterday we saw additional selling take us down toward our 2,000 reference pivot – on positive divergences.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

Today we’re seeing a bullish bounce-rally “up away from” our 2,000 level on positive divergences.

How high could price bounce?  Note the highlight above and check out this morning’s update post.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

We’re seeing bullish price action across the board EXCEPT in Staples and Utilities.

These defensive sectors under-perform on bullish (up) days and that’s happening here.

We’re seeing dip-buying or bounce-buying money flow into the market in a logical fashion today.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Retail Opp (ROIC), Prudential (PUK), Digital Globe (DGI), and Sony (SNE)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

TESARO (TSRO), Qihoo (QIHU), Dow Chemical (DOW), and Perrigo (PRGO)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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Brexit Aftermath Market Update and Big Stock Scan June 24

Well that was surprising.

I’ll leave the explanations for you to read elsewhere as we focus on our standard mid-day market update.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

The U.K. exited the E.U. and so did a lot of money from people’s investment accounts.

So far the S&P 500 collapsed from above 2,110 to the current 2,040 level.

Take a moment to view this morning’s quick update on other markets and their bull/bear reactions.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Not all sectors are bearish; surprisingly, Utilities (a “Risk-Off” group) are positive at the moment.

Unfortunately nothing else is and some sectors are reporting ZERO stocks positive right now.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

I’m breaking my normal rule of not including ETFs from our stock scan based on our algorithms.

3x Leveraged Bear Shares (FAZ), National Retail (NNN), iShares 7-10 Year Treasuries (IEF), and Barrick Gold (ABX)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Royal Caribbean (RCL), Tyco (TYC), NXP Semi (NXPI), Black and Decker (SWK)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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All is Saved Bullish Market Update and Stock Scan June 23

We’re all saved!  The United Kingdom is expected to remain within the European Union, and stock prices surged on the news.

As long as this doesn’t change, we’re updating our charts and strategies accordingly (to the bullish side).

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

This morning I highlighted the breakout into the “Open Air” pocket on the @ES futures.

We’re seeing the same breakout beyond 2,100 (‘Round Number’ Reference Level) for the cash S&P 500 Index.

Continue following the news and stock prices into the evening as actual results are reported.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

Money is rapidly flowing back into the stock market as “all is safe” returns to the expectation.

In an environment like this, the goal is to find strong stocks in strong sectors and buy them, avoiding all short-sales with this type of money flow.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

TD Ameritrade (AMTD), Akami Tech (AKAM), Cummins (CMI), and Charles Schwab (SCHW)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Scripps Networks (SNI), MGM (MGP), Nike (NKE), and Southwest Airlines (LUV)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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June 22 Intraday Reversal Market Update and Stock Scan

Price retested the 2,100 key level… but failed to hold it this afternoon.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

We’ve been focusing on the 2,100 S&P 500 Index level and price challenged – and failed – at this level twice.

We often frame our intraday or swing trades on price moving “toward” or “away from” a key level.

2,100 is that critical bull/bear pivot level right now.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

We’re roughly balanced across the board with Energy and Utilities under-performing and Health Care with Financials out-performing today.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Varian Medical (VAR), Newfield (NFX), Restoration Hardware (RH), and Smith & Wesson (SWHC)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Tesla Motors (TSLA), FedEx (FDX), Actuant (ATU), and Adobe Systems (ADBE)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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June 10 Retracement to Target Market Update and Stock Scan

Retracement!  Price fell down away from the 2,120 target as expected toward the 2,100 level – a key pivot.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

First, let’s view this morning’s update on the S&P 500 with respect to the broader picture and key levels.

You’ll find our “pullback planning” logic which was correct now into the 2,100 pivot level.

After an initial bounce off 2,110, price gapped lower and collapsed (gap open) into 2,100.

We’re focusing now on the Red/Green Price Pathways away from 2,100 as highlighted above.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

No sector is strongly above the 30% Breadth Level and Energy has zero stocks positive at the moment.

This type of money flow aligns with the bearish price action and risk-off phase we’re currently seeing.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Ingevity (NGVT), H&R Block (HRB), Walgreen Boots (WBA), Verizon (VZ)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

HSBC Holdings, Unilever (UN), Anheuser-Busch InBev (BUD), and Conoco Phillips (COP)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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June 9 Retrace Bounce Market Update and Big Stock Scan

After an expected sell-swing retracement this morning, we’re seeing an aggressive bullish intervention push price back toward the highs.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

First, let’s view this morning’s update on the S&P 500 with respect to the broader picture and key levels.

You’ll find our “pullback planning” logic which was correct toward the 2,110 pivot level.

Price reversed on a positive divergence just under this reference level and buyers aggressively drove price higher.

For now, we’ll be monitoring the activity between the “neutral range” of 2,110 and 2,120.

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Let’s see what our Breadth Chart reveals about current market strength (or weakness):

We have bearish money flow from our sector strength grid.

Staples and Utilities – two defensive groups – are strongest today while all other sectors are weak.

Here’s a top-level or full-perspective view of today’s S&P 500 stock performance (courtesy of FinViz.com).

Here are today’s strongest trending (intraday) names – candidates for pro-trend continuation:

Smucker’s (SJM), Ingredion (INGR), Ameren (AEE), and Pinnacle West (PNW)

Bearish downtrending candidates include the following stocks from our “weakness” scan:

Team Health (TMH), Restoration Hardware (RH), Best Buy (BBY), and BHP Billiton (BBL)

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Corey Rosenbloom, CMT
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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).


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