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 Stocks Under $10 Set to Soar 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. Advanced Micro Devices Nearest Resistance: $4
Nearest Support: $3
Catalyst: New Product, Technical Setup >> 3 Tech Stocks Spiking on Big Volume After posting a mixed third quarter last week, chipmaker Advanced Micro Devices ( AMD) is getting more eyes on it today with the announcement of the Radeon R9 290X graphics card, a product that takes aim at pricier offerings from Nvidia ( NVDA). Shares of AMD are up close to 5% as I write following the press release. Looking at the technicals, it's pretty clear that today's product announcement is more an excuse for a bounce in AMD than a reason for one. Shares have been selling off following the third quarter's earnings on Dec. 17, and the stock wasn't able to hold support at $3.25, falling down to $3 instead. AMD is still in a downtrend right now, even if it's an ugly one -- I'd recommend staying away until more buying pressure comes into play.