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...
I noted about a month ago that IIPR remained as neutral for investors until it broke the 86.00 level then re-tested it. Obviously, we have clearly done that and as such I am incredibly bullish on IIPR.
The stock found support about 40% off its peak to low during the weed bear market which is far better then many others that plummeted 100-200%+. During this time,...
Possible entry level $90.00
target price $101
Stop loss $87.76
New leaseback agreement.
Innovative Industrial Properties (NYSE:IIPR) closes on a sale-leaseback deal with Green Thumb Industries (OTCQX:GTBIF) for a licensed processing facility in Toledo, OH, for a purchase price of $2.9M.
GTI also expects to make certain improvements to the property, for which...
Possible entry on break above .382 Fib @ $96.00
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...
Hello Traders!
Today’s chart update will be on IIPR which has a potential bullish pattern playing out – an Adam and Ever reversal formation that will be confirmed by a break of structural resistance.
Points to consider,
- Bullish pattern coming to fruition
- Structural resistance to break
- EMA’s supporting price
- Stochastics in upper region
- RSI trending...
IIPR is one of my top stocks for the Cannabis sector. Excellent growth, excellent potential and plenty of upside. This will likely have one of the top CAGRs over the next half decade for dividend stocks.
As expected with Cannabis, there is still a HUGE amount of short interest in the entire sector so investors must be aware that what can go up 5-10% in a day can...
Trade Entry
Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP
I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement.
Personal opinion - this is great REIT. Previous high over...
Broke daily resistance and closed above. Indicators show underlying strength, but Stoch indicates a possible retest of local resistance at around $78 (both daily and hourly charts).
Currently closed at weekly resistance of $80.30. A break with volume above $80.30 could see IIPR look for a weekly lower high. If rejected, we'll be looking for a higher low.
IIPR is the Last weed stock that hasn't popped. (TLRY, CGC, CRON, ACB - everything has popped)
Weekly MACD is extremely bearish. Once the dead cat bounce is finished, take the short position all the way to the 40s.
Late last year in 2019 I was bearish on this stock and rightfully so, however earlier this year my outlook changed to slightly bullish however I have regressed back to a neutral stance (i.e. on hold).
The reason is, is that this stock, along with other stocks, like Beyond Meat, ran up very quickly in 2019 and are now suppressed by shorts and a valuation that...
3 new leaseback deals announced just before Christmas. Dividend coming up in just 4 days, expected to increase again. IIPR blew upward, riding the MJ bubble, and deflated when that bubble burst. The current valuation is quite high, comparing fundamentals to other REITs.
It is currently attempting to break its 50 day line, and we should expect a test of the...
IIPR is one of my top 2020 picks as their dividend growth has been impeccable and their stock has really only plummeted from its highs because the cannabis sector essentially went through a major correction. I believe certain (not all) cannabis stocks will make a strong rebound in 2020, but the sector itself may be 2 or so years before attracting major buyers back...
Ticker: $IIPR
Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders?
Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there.
I need to see an increase in bull...
Hello Traders!
Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition.
Points to consider,
- Potential new higher low
- Structural resistance needs to break
- Support in green zone
- RSI respecting support
- Stochastics projected upwards...
