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.
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.
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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…
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