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 thats 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.
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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.
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, heres a look at today's stocks.
Nearest Resistance: $12
Nearest Support: $6
Catalyst: Technical Setup
Shares of small-cap fuel cell company Plug Power (PLUG - Get Report) continue to go berserk on high volume this week, today bouncing around 7% after triggering an SEC circuit breaker on selling in yesterday's session. PLUG has been a favorite for traders over the last few months shares are up almost 300% since the calendar flipped to January, following bullish guidance and speculation that fuel cell demand will skyrocket.
While less-experienced traders should stay away from the volatility in PLUG, a bounce off of trend line support is looking like an interesting entry opportunity for those with higher risk appetites. If you decide to jump in here, keep a tight stop in place.