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. And when there's a big catalyst, there's often a trading opportunity. Without further ado, here's a look at today's stocks. General Motors Nearest Resistance: $35.50
Nearest Support: $32
Catalyst: Q1 Earnings Despite some big black clouds over its first-quarter earnings call, General Motors (GM - Get Report) beat analysts' expectations by 2 cents, taking home 6 cents per share in profit. Recalls hammered earnings, with a $1.3 billion one-time charge for recall repairs on the books. But while things were "less bad" than expected, investors are pushing shares lower on big volume this afternoon. Looking longer-term, GM's chart could actually look a lot worse. This stock is looking "bottomy" after spending all of 2014 selling off to the tune of 14%. A breakout above $35.50 is the signal that it's time to be a buyer in GM.