Is Innovative Industrial Properties, Inc. (IIPR) a Buy? The Stock Formed Bullish Double Top Chart Pattern

April 17, 2018 - By James Guidry

The chart of Innovative Industrial Properties, Inc. (IIPR) shows a double top with $35.85 target or 7.00 % above today’s $33.50 share price. The 6 months chart pattern indicates low risk for the $227.20 million company. It was reported on Apr, 17 by Finviz.com. If the $35.85 price target is reached, the company will be worth $15.90M more. Double tops are rare but powerful chart patterns.

The stock increased 0.81% or $0.27 during the last trading session, reaching $33.5. About 61,269 shares traded. Innovative Industrial Properties, Inc. (NYSE:IIPR) has risen 57.05% since April 17, 2017 and is uptrending. It has outperformed by 45.50% the S&P500.

Innovative Industrial Properties, Inc. (NYSE:IIPR) Ratings Chart

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