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.

Without further ado, here's a look at today's stocks.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.

Pimco High Income Fund

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Nearest Resistance: $11.75
Nearest Support: $11
Catalyst: Bill Gross Departure

A number of Pimco-related assets are selling off on news of Bill Gross' departure from the asset management firm, and one of the most notable examples comes from the Pimco High Income Fund (PHK) - Get Report . Shares of this closed-end name are off more than 6% on extremely high volume as I write this afternoon, making it one of the most-active stocks on the NYSE.

Ultimately, a selloff like this in a closed end debt fund doesn't make much sense, but you can't argue with the tape. Shares of PHK are in free-fall right now. It makes sense to avoid this name if only because of the big premium left in shares and this fund's susceptibility to selling pressure.

Alcoa

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Nearest Resistance: $17
Nearest Support: $15.50
Catalyst: Goldman Sachs Note

Aluminum giant Alcoa (AA) - Get Report is up more than 3% this afternoon, following a note from Goldman Sachs that recommended picking up shares ahead of its third-quarter earnings numbers on Oct. 8. Goldman's Sal Tharani points out that AA underperformed the rest of the industry at the same time aluminum prices increased, creating a value opportunity in shares of this $19 billion metals name.

Technically speaking, it still makes sense to sit on the sidelines. Shares are catching a bid today at $15.50 support, but this stock remains in a consolidation channel in between that level at resistance up at $17. Wait for $17 to get taken out before clicking "Buy" on Alcoa.

Frontier Communications

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Nearest Resistance: $6.75
Nearest Support: $6.30
Catalyst: Technical Setup

Last up is Frontier Communications (FTR) - Get Report a name that's selling off 2% today for technical reasons. Frontier has been consolidating in a rectangle pattern for the last two months now, bouncing in between support at $6.30 and resistance up at $6.75. Support is getting tested this afternoon, with shares' touch of that price floor for a third time since August.

If FTR fails to catch a bid here, and closes below $6.30, then it's a sell. Otherwise, wait for $6.75 to get taken out before you think about going long this stock.

-- Written by Jonas Elmerraji in Baltimore.

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At the time of publication, author had no positions in the names mentioned. Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation. Follow Jonas on Twitter @JonasElmerraji