IIPR-down
by kkvadivel | October 10, 2019 3:22 pm
Travis, Innovative Industrial Properties (IIPR)[1] 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.
Endnotes:
- Innovative Industrial Properties (IIPR): https://www.stockgumshoe.com/tag/iipr/
Source URL: https://www.stockgumshoe.com/2019/10/microblog-iipr-down/
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.