Missed the move today, will await for the move to new High. target $150 Indicators bullish and reversing
No rising wedges NV is high Short interest has always been high on this one. Not so much now but still on the high side Volatility has decreased recently Dividend 3.73% I buy on pull backs Not a recommendation Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized...
Maryjane? Lets smoke a joint? This isn't that kind of company where it goes to the consumer for recreation but something different yet similar. This is a company that buys real estate that grows medical use canabis. The reason this came up on my radar is because of the insane sales and earnings over the past year as shown below. Sales Sep-19: +194% Dec-19:...
If stock gets past the 2 prior highs, could run a ways Targets 2 if passes old resistance: 150 161.5 Hammer on Monthly Loose stop, perhaps under mid cup. This one can be very volatile Not a recommendation
Potential long above $121 Upside target range $130- $129 Somewhat safer side of Cannabis investment.
Broker resistance from February highs IBD rating of 92 RS rating of 85 Long @ 11.50
1D hidden bull div, above 200dsma and ichi cloud, looks good to go
Earnings 8-5 amc No rising wedges noted at this time Volatile as a volccano at times/short interest usually on the high side...Right now short interest a bit lower than the norm. I guess volatility to be expected when dealing with a cannibis REIT I have owned this off and on for a long time. This one can burn you..just FYI. To me it is the best play on...
Cannabis Properties
"Is Innovative Industrial Properties (NYSE:IIPR) the WeWork of Cannabis," asks Grizzly Research. "We think it's worse." "We visited in person dozens of properties, interviewed neighbors, the county clerks, and reviewed related leases. Our findings are shocking: We believe IIPR has accumulated a highly toxic portfolio of low-quality assets." "Our cash flow...
Evening Traders, Today’s analysis will be on IIPR, breaching structural support and currently is testing pitchforks median line (resistance) Points to consider, - Bearish trend, consecutive lower highs - Median line tested - Structural support breached - RSI recovering from oversold - Stochastics in lower regions - Volume climax evident IIPR’s overall...
In the short term you can most likely short this into the $40's. I would look at a long term buy in the $40 area.As cannabis becomes legal you have this back door into it in the form of a REIT
Everyone needs to pay their rent. $IIPR is by far the strongest name in the sector A real lesson in trend following here And a real lesson in who is actually making money in the sector and attracting a bid in the market