As Peloton Cycles Ahead, Here’s Another IPO Stock To Watch

As Peloton Interactive (PTON) tries to cycle its way into a new buy zone, fellow IPO stock Arcosa (ACA) is constructing a new entry.

New IPOs can be volatile, and Peloton — which reported mixed quarterly results Tuesday — is proving that as it tries to form a new base from its September debut. Arcosa, which had its IPO on Nov. 1, 2018, has also had its ups and downs. It’s rising past…

the 39.84 buy point of a cup-without-handle base.

Whether it’s Peloton, Arcosa, Facebook (FB) or Snap (SNAP), investors should always follow the Golden Rule of IPO Investing: Never buy a stock on the first day of trading. You’re better off waiting for it to establish a trading history and launch its first base. You’ll still have plenty of time to profit, and you’ll greatly reduce your risk.

New Breakout Under Construction

Based in Dallas, Arcosa is a leader in the construction, energy and transportation industries. The company makes and provides products for infrastructure projects, including aggregates, wind towers, barges and rail components. It was formed by a spinoff and consolidation of Trinity Industries’ infrastructure business.

On a weekly chart, Arcosa’s current consolidation is the third attempt to launch a sustained move. It’s trading right around…

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