Based on those points you make is IEP a good buy at closing price today

**IEP is not an ideal buy at its current closing price of $11.1**. Here's why:

1. **Weak Market Position**: Icahn Enterprises has a market capitalization of $6.31 billion as of August 30, 2024, which has decreased from a high of $7.59 billion in May 2024. This decline in market value suggests a weak market position and investor confidence.
2. **Technical Indicators**: The stock is currently showing a strong sell signal, with a 1-week rating of strong sell. Additionally, the stock is trading at 70% below its estimated fair value, indicating that it may be undervalued.
3. **Support Level**: The support level for IEP is at $12.08, which is above the current closing price. When a stock's price is below its support level, it is typically considered a weak position, as the price is not finding enough buying interest to sustain a higher level.
4. **Market Sentiment**: The sentiment around Icahn Enterprises is negative, with analysts forecasting a wide range of potential returns and targets. This uncertainty and the recent drop in price to a near 21-year low indicate a challenging market environment.
5. **Dividend Yield**: While Icahn Enterprises has a high dividend yield, it is not well covered by earnings or free cash flows. This could be a red flag for investors, as it may indicate that the company is relying too heavily on dividends to attract investors.

Given these points, Icahn Enterprises does not appear to be a strong investment at its current price. Investors should exercise caution and consider these factors before making a decision to buy.