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.

American Realty Capital Properties

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Nearest Resistance: $11.50
Nearest Support: N/A
Catalyst: Accounting Issues

Shares of large-cap REIT American Realty Capital Properties (ARCP) tumbled almost 20% in Wednesday's session, shoved lower by news that the firm had found errors in its financial statements, and was replacing two of its executives as a result. The firm said that its audit committee believes that the errors were identified before those financial statements were filed, but intentionally not corrected.

From a technical standpoint, the price action looks ugly in ARCP now. While shares had seen a floor at $11.50 for much of 2014, Wednesday's big gap lower means that the support level at $11.50 has been violated and more downside is likely from here. Bargain-hunters would do well to avoid trying to "buy the bottom" in ARCP.

Rite Aid

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Nearest Resistance: $6
Nearest Support: $5
Catalyst: Technical Setup

The technical story is driving upside in shares of drugstore chain Rite Aid (RAD) - Get Report this week, pushing shares more than 10% higher since Monday's open. Rite Aid got attention earlier in the week after the firm announced that it was shutting off its registers' near-field communications capabilities in an effort to block the new Apple Pay service in favor of CurrentC, an upcoming retailer-owned payment system that will become available in 2015. That update pushed shares through key resistance at $5, and the follow-through shoved RAD another 3.75% higher on Wednesday.

That doesn't change the fact that the overall trend in Rite Aid remains down right now. Nimble traders might consider going long on yesterday's move up, but beware of a significant resistance level towards $6.

AK Steel

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Nearest Resistance: $9
Nearest Support: $7.25
Catalyst: Analyst Note

Shares of AK Steel (AKS) - Get Report moved higher on big volume on Wednesday, propelled by a bullish analyst note. Deutsche Bank put AKS on its short-term buy list, a move that spurred a big move higher at the start of Wednesday's session. That move didn't last, however, as shares faded over the course of the session.

The technical picture in AKS still looks bullish. Shares made a "v-bottom" back at the start of October, and there's a pretty unencumbered path up to test resistance at $9. If you decide to buy here, just keep a tight stop in place.

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 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