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.

Veeva Systems

Nearest Resistance: $30
Nearest Support: $25
Catalyst: Q4 Earnings

Mid-cap software company Veeva Systems (VEEV) - Get Report is selling off more than 21% this afternoon, smacked lower by the firm's fourth quarter earnings numbers. While Veeva's 12-cent profit came in ahead of analysts' 9-cent estimates, a weak forecast for the rest of 2015 triggered the selloff in today's session.

From a technical standpoint, today's selling in VEEV is significant. While shares have been bouncing their way higher in a well-defined uptrend since last summer, today's big drop is a very conspicuous violation of that support line. With the uptrend broken, VEEV could have further to fall before it finds meaningful support again.

Micron Technology

Nearest Resistance: $31.50
Nearest Support: $28.50
Catalyst: Technical Setup

Flash memory maker Micron Technology  (MU) - Get Report is down slightly on big volume this afternoon, a move that's primarily technical today. MU has given back more than 16% of its market value year-to-date in 2015, a drop that's largely a result of the multi-year rally that this stock has paid out to shareholders in 2013 and 2014.

Today, MU is closing in on a moderate support level at $28.50 with more meaningful support further down at $27. Look for the next support bounce as a "buy the dips" opportunity in Micron. The primary trend is still higher here.

Alibaba Group

Nearest Resistance: $85
Nearest Support: $80
Catalyst: Technical Setup

Alibaba Group (BABA) - Get Report is another big stock that's moving for technical reasons in today's session. In spite of the fact that shares are bouncing 2% this afternoon, the trend in BABA is about as ugly as it gets. This stock has sold off more than 30% since it peaked back in November, and shares are making new lows.

Effectively, just about everyone who has bought this stock post-IPO is sitting on losses right now, and that's going to contribute to selling on every leg higher. Buyers beware.

Microsoft

Nearest Resistance: $44
Nearest Support: $40
Catalyst: Technical Setup

Last up on our list of high-volume trades today is tech giant Microsoft (MSFT) - Get Report. Despite a relatively flat day, Microsoft is drawing big volume for technical reasons this afternoon, as shares retrace from a test of resistance up at $44.

MSFT spent all of February in rally mode, rebounding from a big earnings-fueled gap down at the end of January. This month, it's not surprising to see a little bit of consolidation as buyers and sellers work out their next move. If you're looking for a buying opportunity in MSFT, wait for shares to move above our $44 price ceiling. That will be a good indication that buyers have regained control of this stock.

-- Written by Jonas Elmerraji in Baltimore.

Author had no positions in stocks mentioned.