) -- 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.
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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.
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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
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Nearest Resistance: $23.75
Nearest Support: $23.50
Catalyst: Acquisition Announcement
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) gapped up hard this morning after news came out that
) MidAmerican Energy unit was buying the utility for $5.6 billion -- a deal that works out to $23.75 for NVE shareholders. The news sent NVE up 22% to $22.59 as I write, leaving a tiny risk premium in place.
The news broke the downtrend that NVE had fallen into after breaking down through the uptrending channel that had been propelling shares higher for most of 2013. Barring the surprise acquisition, NVE would likely have kept selling off -- but with almost all of the deal value priced into shares, there isn't a trade to be made on this setup for late-to-the-game investors at this point.