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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.

Petrobras

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Nearest Resistance: $6
Nearest Support: N/A
Catalyst: Filing Delay Rumors

Up first is Brazilian national oil company Petrobras (PBR) - Get Petróleo Brasileiro SA Report, a stock that's correcting to the tune of 4.5% this afternoon, dragged lower by dropping oil prices and rumors that the firm would need to delay filing audited financial results to its bondholders. While Petrobras has denied that it will need to push the deadline, shares aren't showing much of a reprieve this afternoon.

Petrobras' chart looks pretty ugly from a technical standpoint. Shares triggered a textbook descending triangle setup earlier this month, pointing to more downside ahead. Stay away from the long-side of this stock.

FXCM

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Nearest Resistance: $3
Nearest Support: $2
Catalyst: Q4 Earnings

Troubled forex broker FXCM (FXCM) is rallying more than 20% this afternoon on huge volume, boosted by a positive fourth quarter earnings call. FXCM earned a profit of 20 cents per share, beating analysts' 17-cent best guess. Shares of FXCM cratered earlier this year on losses stemming from a surprise Swiss franc rally in January that caught many forex traders off-guard, and forced FXCM to borrow an emergency lifeline.

Buyers are clearly coming back into shares here. Resistance at $3 is the next big hurdle for shares to cross. If they can start to backfill the big gap from January, then this stock could potentially have a lot of room to run to the upside before running in to big resistance. Still, this stock is too volatile for less experienced traders to take on in March.

Sirius XM Holdings

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Nearest Resistance: $4
Nearest Support: $3.85
Catalyst: Technical Setup

Satellite radio operator Sirius XM Holdings (SIRI) - Get Sirius XM Holdings, Inc. Report is correcting modestly this afternoon, but the move is happening on big volume thanks to a technical setup in shares. Sirius has been a stellar performer in 2015, up more than 10% since the calendar flipped to the New Year, but shares are starting to look a little top-heavy thanks to a classic reversal pattern that's showing up in shares.

The sell signal comes on a break of $3.85 support, a level that shares are flirting with today. The good news is that the reversal pattern in SIRI is short term, but it means that buyers should wait for an optimal entry.

Pandora Media

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Nearest Resistance: $17
Nearest Support: $14.50
Catalyst: Buyout Rumors

Streaming radio provider Pandora Media (P) is up 7.5% this afternoon, boosted by unconfirmed buyout rumors circulating Friday. The rumors may be spurring buying, but they're not changing this stock's trajectory here -- shares have been bouncing their way lower in a textbook downtrend for the better part of the last year. And while shares are testing the top of their channel, that's historically opened Pandora to extra downside risk since the end of last summer.

Author had no positions in stocks mentioned.