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Promotions - Only apply discounts if item is in stock

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Im working with a customer that recently upgraded to the new promotion engine. A type of promotion they frequently used in the old engine was something along the lines of: 

"% discount as long as the item is in stock" 

Is there any simple way to achieve this in the new promotion engine without customizing all pre-existing promotions? 
I basically want an item to be excluded from a promotion if that item is not in stock. 


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