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.

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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.

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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

today's stocks



Nearest Resistance: $2.50

Nearest Support: $2.10

Catalyst: Q3 Earnings Beat

Social media gaming site


(ZNGA) - Get Report

is probably the most unlikely gainer today. Shares of the firm have had a rock tied to them since March, but the stock is up around 11% as I write today.

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The big catalyst for Zynga earnings. The firm reported better earnings than expected for the third quarter, impressing investors just a few days after discreet layoffs pushed analysts to rethink estimates. While the news is good for ZNGA shareholders, it doesn't do much to change the firm's technical outlook right now.

That's because even though ZNGA is up 11% this afternoon, shares are still sitting just below resistance at $2.50. In fact, shares actually managed to hit their head on that $2.50 price level before reversing lower intraday/ That tells us that the glut of supply that's caused $2.50 to act as a price ceiling is still there.

In spite of today's gains, I'm still calling Zynga

a social media stock to sell



Nearest Resistance: $30

Nearest Support: $23

Catalyst: Post Earnings Settling, Technical Setup

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Typically, Zynga and


(FB) - Get Report

go hand in hand. And lately, that's meant that they've both been in supremely active stocks in freefall. But Facebook could be looking up thanks to a big technical setup in shares right now. Yesterday, FB rallied hard after announcing third-quarter earnings that bested analysts' expectations. While I don't think that this stock has turned the corner fundamentally, it may have technically.

Right now, Facebook looks like it's making a double bottom pattern in shares. Yesterday's price action broke FB above the $23 resistance level, sending a buy signal if shares can close above that price today. As I write, FB's stock price sitting within a few points of that level.

Traders looking for a buying opportunity would be well advised to keep a tight stop in the Facebook trade. Even if shares are reversing in the short-term, the primary trend is still down. You can check out the chart in today's "

5 Big Stocks to Trade for Gains



Nearest Resistance: $7

Nearest Support: $6.25

Catalyst: Q3 Earnings Beat

Mid-cap computer storage firm


(LSI) - Get Report

is rallying more than 8% today on big volume after the firm announced third-quarter earnings and guidance that were less bad than what Wall Street expected.

>>5 Stocks Under $10 Set to Soar

One look at LSI's stock chart gives traders a pretty good indication of how investors have been feeling about LSI. Shares have been trending sharply lower since the start of September. Today's price action potentially breaks that downtrend, but I wouldn't recommend jumping into a long position in this stock unless we see some continuation in tomorrow's session.

A move through $7 would be a much stronger buy signal for LSI this month.


Nearest Resistance: $19.50

Nearest Support: $17

Catalyst: Q2 Earnings Beat


(SYMC) - Get Report

is another name that's moving higher today following earnings news. The security software company saw second quarter profits jump by 6%, spurring a nearly 6% jump in shares as I write. But the trading implications are still tentative at this point.

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That's because while the jump did definitively break SYMC out of the downtrend in shares that started in September, it pushed the stock right in between resistance at $19.50 and support at $17. I wouldn't recommend becoming a buyer unless this firm can build enough strength to break out above that $19.50 level.

The fade in today's price action makes me think that we'll need to see some sideways movement before that can happen.

To see these stocks in action, check out the at

Most-Active Stocks portfolio

on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji is the editor and portfolio manager of the

Rhino Stock Report

, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including




, and has been featured in

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