For Immediate Release
Chicago, IL – October 8, 2026 – Stocks in this week’s Corsair Gaming, Inc. (CRSR), Nordic American Tankers Ltd. (NAT), and HireQuest, Inc. (HQI) are in the spotlight.
3 Top Breakout Stocks to Buy in October with Big Upside
October can be a volatile month for the stock market and has historically seen major sell-offs. To capitalize during these uncertain periods, investors should adopt a more active approach to stock selection, focusing on potential breakout opportunities within clearly defined price ranges.
Under this strategy, a stock should be sold if it falls below the lower band, while a move above the upper band signals a potential breakout, presenting an opportunity to capitalize on continued upside momentum.
Using this framework, Corsair Gaming, Inc., Nordic American Tankers Ltd., and HireQuest, Inc. emerge as strong breakout candidates for October.
Finding Breakout Stocks with High Return Potential
To identify breakout stocks, calculate support and resistance levels. A support level represents the lower bound for stock movements, while a resistance level denotes the price ceiling over a significant period.
At the support level, demand is weakest, whereas at the resistance level, interest peaks, indicating traders want to add the stock to their portfolios. The key lies in identifying stocks on the brink of breaking out or those that have just surpassed resistance.
Is the Stock’s Breakout Confirmed?
A significant risk in this strategy is buying a breakout candidate at an inopportune time. When a stock moves above the resistance level, it becomes appealing to traders. However, whether the breakout is legitimate still requires scrutiny.
For a genuine breakout, the previous resistance barrier must transition to a new support level. This occurs only if the established trading channel withstands long-term price trend analysis. Such insights help determine the robustness of support and resistance levels.
Top Breakout Stocks
Here are the standout stocks for this strategy:
Corsair Gaming
Corsair Gaming develops and sells gaming and streaming peripherals, components, and systems worldwide. The company holds a Zacks Rank #1, with an expected earnings growth rate of 45.2% for the current year.
Nordic American Tankers
Nordic American Tankers owns, operates, and charters double-hull tankers globally. The stock ranks #2 with an impressive projected earnings growth rate of 1,200% for this year.
HireQuest
HireQuest provides staffing services across the United States. It also holds a Zacks Rank #2 and is expecting a year-over-year earnings growth of 12.7%.
Why You Should Consider Zacks’ Top Stocks
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Disclosure: Officers, directors, and/or employees of Zacks Investment Research may own or have sold short securities mentioned herein.
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