IIPR updateIf you didnt get into IIPR when I posted my first idea on it then you can get in sometime this week/next week. Daily RSI is overbought. Wait for this to go over sold and then go crazy. buy is at around 160
0JBD trade ideas
IIPR on watchIIPR has broken out from the consolidation premarket. I like it long on the pull back to fill the overnight gap into the green box. Stops would be a close below the box for a shorter term trade. Targets are the fib extensions above.
$IIPR Innovative Ind POT stock ready for new HIGH
Stock has been in consolidation for 1 month and looks ready to
make next move higher.
Volume has been consistent but requires a spike to break resistance at $ 161.50.
MACD reversing bullishly.
Histogram about to go positive
Targets $165 - $170 short term.
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Most Undervalued REIT Fundamentals are strong and my fair value estimate is about $350 considering the rate of growth and the sustainable business model. Buying.
IIPR in a textbook bull flag!Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas.
It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now.
Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over that fib at 152.73 with just a bit of volume.
I'm 100% playing this with just a few contracts to start. Setting my alerts now!
Stoploss around $147.70 (your option would prob lose about 40%).
I haven't done a fib extension or anything because it's like...what is, work? Do you want me to work for this? No, I do stocks because I don't WANT to work. Amiright? Ain't nobody got time for that!
IIPR close to next expansion 4 more states have approved legal cannabis. A weekly close over 133 and a push through 139.53 will move this higher.
$IIPR Innovative Ind Properties
Missed the move today, will await for the move to new High.
target $150
Indicators bullish and reversing
Cup and HandleNo 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 properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Sector
IIPR Buy at 126.2 Profit Taking at 157.75Maryjane? 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: 270%
Mar-20: +210%
Jun-20: +182%
Yearly EPS
2017: 0.67
2018: 1.30
2019: 3.17
2020: 4.99
2021: 7.49
There is an optimal risk and reward ratio that is happening in the coming week. The price is going though a consolidation phase in a flat base with a base of 14%. This is an very rough flat base because it has poked its head above it once in the 3rd week but overall it is following the pattern of hugging the 10WMA. So that means if the 10WMA is undercut on a weekly basis then it is a sell signal and if 126.2 is passed it is a buy signal. The overall risk is about 8% since is pushing the 7% loss. The expectation is to consolidate one more week (this week) then next week it'll breakout past the 126.2 buy zone. Time will tell. Also if you take a look at the daily chart the triangle have lesson, which is my script for 7% down days. This have lesson on the right side of the base, which is a positive development for the stocks.
As always be wary of the current market envirorment since it is still bullish but defensive action might be warranted.
Cup and HandleIf 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
$IIPR 15% Upside in Innovative Ind Properites
Potential long above $121
Upside target range $130- $129
Somewhat safer side of Cannabis investment.
V bottomEarnings 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 cannibis available other than OGI..and OGI seems to have been thrown to the day traders for now
Always look closely..things are not always what they seem
For me this is like when I owned TSLA..which I sold recently. I just do not look at it often (o: Probably not a good practice to have but sometimes you just like something and you do it anyway. It does not mean it is the smart thing to do
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
I own this but do not recommend it
IIPR longGame plan on chart, thin name so I’d manage size. Potential to be explosive.
Personally I’ll probably buy 1/2 at 75 if volume is there then a bit more at 75.5
