Post by
drbob512 on Jun 26, 2020 5:20pm
T.A. for IIPR Friday:
Daily Parabolic SAR turned negative today by rising above SP @ 101.48 and slow stochastic is approaching oversold @ 34% which is mirroring the SPY (S&P 500) stochastic moves. Thus IIPR will either stay below SAR for only a short time of 2-3 wks and regain strength soon to top 101 or will have a longer downtrend & be oversold for 3+ wks. It would be helpful if they can replace their defaulted tenant, DionyMed, to which they said in the conference call over a month ago that they believed a replacement tenant was probably going to happen in a few wks, so that is due now & would be a catalyst. Let's see IIPR regain relative strength. Or else it will test people's patience.