target price below Fib golden pocket at $111
Stop loss $91
Very volatile but high reward.
Short interest high at 25.6%, major catalyst
Major bounce from long term support (bullish)
Major downtrend broken
Company profile
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.