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 to Sell Before It's Too Late 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. And when there's a big catalyst, there's often a trading opportunity. Without further ado, here's a look at today's stocks. Under Armour
Nearest Resistance: $54
Nearest Support: $50
Catalyst: Stock Split Shares of sports apparel maker Under Armour (UA) are seeing big volume this afternoon, following a 2-for-1 stock split that went effective today. Under Armour has been a big momentum name over the last year, rallying more than 81% since April 2013, so it's not that surprising that UA was one of the names that's been correcting hard in 2014. But that doesn't mean that UA is in free-fall right now; in fact, shares are holding sideways in consolidation-mode. The key levels to watch in UA right now are resistance at $54 and support at $50. Those are the price levels that buyers and sellers are battling it out between right now. A breakout above $54 makes UA a high-probability buy.
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