zSplit

IIPR: Broke $86 Key Level a While Ago: Now it Will Soar!

Long
NYSE:IIPR   Innovative Industrial Properties, Inc
I noted about a month ago that IIPR remained as neutral for investors until it broke the 86.00 level then re-tested it. Obviously, we have clearly done that and as such I am incredibly bullish on IIPR .

The stock found support about 40% off its peak to low during the weed bear market which is far better then many others that plummeted 100-200%+. During this time, IIPR actually hiked their dividends and continued to post record revenue, profit and EPS growth which are all signs of an excellently managed company.

IIPR will likely become one of the stock markets favourite stocks again (like it was back in early 2019) and will likely surge to over $150 before the end of 2020. The tables will slowly turn for the better in the weed sector later in 2020 and that will keep IIPR elevated inherently.

This will be one of the stock markets top dividend growth stocks and small cap stocks!

Technicals: Cup to Shallow Handle
2020 TP: 150+

- zSplit
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