IIPR, IBD Stock Of The Day, Offers Multiple Entries As Marijuana Stocks Shape UpPosted by On


Innovative Industrial Properties

Innovative Industrial Properties

IIPR


$1.95



1.28%



33%

IBD Stock Analysis

  • The official buy point for the cannabis-focused stock is 165.09.
  • However, investors could also open a position at 158.70.
  • But a close below 155.54 would be a time to sell.

Composite Rating

Industry Group Ranking

Emerging Pattern

Three Weeks Tight

* Not real-time data. All data shown was captured at
12:28PM EST on
11/23/2020.

Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, is the IBD Stock of the Day. IIPR stock has been trading tightly over the past few weeks, with multiple points from which to start a position.




X



The setup for the Maryland-based company comes after five states on Election Day voted to legalize marijuana to some degree, even as questions surround the prospect of looser restrictions on a federal level, and where the real estate investment trust might fit in a fully-legal U.S.

Other marijuana stocks have also cleared or are trying to clear bases in the wake of the election.

IIPR Stock

Shares are currently trading within a three-weeks-tight pattern. The official buy point for IIPR stock is 165.09. Shares rose 1.3% to close at 153.90 in the stock market today.

However, investors could also start a position at 158.70, which is 10 cents above the…

Original Author Link click here to read complete story..

News

dayentriesIBDIIPRmarijuanamultipleoffersshapeStockstocks

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.