IIPR-down

By Vadivel Kaliyannan, October 10, 2019

Travis, Innovative Industrial Properties (IIPR) late Wednesday said it has closed on its $19 million purchase of an industrial property in suburban Detroit containing about 156,000 square feet of leasable space. Any updates from your end.

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edmundjohnson
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edmundjohnson

I sold IIPR a few days ago based on technicals. There has been a volatility squeeze, which makes me think the sell-off is being driven by algorithms, with any news being a trigger for a stock waiting to fall. My chart https://uk.tradingview.com/chart/IIPR/PuIjWkHC-IIPR-short shows a target of $33, but that would be over time with some rallies along the way. Note that I am fairly new to technical analysis, and the price could go shooting up tomorrow.