This stock, Industrial Logistics Properties Trust (ILPT), was recently at $14.00 before dropping down to the $9 level. Looking for a bounce play here soon.
some quick notes- 88% Institutionally owned, strong cash position, solid revenue, cut dividend payout
In a press release, the company expects to reinstate its dividend at least close to its previous level in 2023, this could be a nice potential play for longer-term traders.
For this particular stock, I will only trade it if we see a push above $10.05 with strong volume – Once we see it push through resistance at $10.05, I will likely enter small & look for $10.50+ next
I have always been a daytrader (primarily options), but life has grown to be more hectic and so I am looking to swing trade equities and look to invest in the long term. TIA to those that see this!
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