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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.
>>5 Stocks Under $10 Set to Soar
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 Big Stocks to Trade for Big Gains
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
Nearest Resistance: $4
Nearest Support: $3.50
Catalyst: Earnings Surprise
>>5 Stocks Rising on Unusual Volume
French communications stock
ALU) is up close to 15% this afternoon following the release of the firm's third-quarter earnings numbers. ALU has been struggling in recent quarters, but management was able to trim its losses by cutting costs. The firm ended up losing 200 million euros for the quarter, down from 316 million euros a year ago.
From a technical standpoint, Alcatel-Lucent has been on fire since the start of the summer, pushing higher in a well-defined uptrend. While today's jump is huge, it's still short of resistance at $4; traders will need to see that price ceiling get taken out before it makes sense to be a buyer here.