BALTIMORE ( Stockpickr) -- Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.
From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.
Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market today. >>5 Rocket Stocks to Buy as Stock Bounce These "most active" names are the most heavily-traded names on the market -- and often, uber-active names have some sort of a technical or fundamental catalyst driving investors' attention on shares. That's especially true now that earnings season is officially underway. And when there's a big catalyst, there's often a trading opportunity. Without further ado, here's a look at today's stocks. >>4 Reasons Not to Buy Stocks in 2013 BlackBerry Nearest Resistance: $16
Nearest Support: $13
Catalyst: Surprise Profit BlackBerry (BBRY - Get Report) is seeing higher volume than usual today after the firm posted a surprise profit for the fourth quarter. While analysts on Wall Street had been expecting BBRY to lose 30 cents per share, the firm actually posted profits of 19 cents per share. The firm's numbers were a bit of a mixed bag -- earnings beat on lower-than-expected sales. Still, shares are seeing a 2.4% rally in today's trading session. >>3 Tech Stocks Under $5 Spiking Higher From a technical standpoint, BlackBerry is still looking "toppy." Shares of the stock have been forming a longer-term head and shoulders top pattern for the last few months, and they're getting closer to triggering a sell even in spite of today's buoyant price action.
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