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 guide you.

From hedge funds to individual investors, scores of market participants are turning to social media and market data 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 for investors who want a starting point in their analysis.

Over on Real Money, Jim Cramer gives advice to investors looking at how to play the Trump Trade. Get his insights or analysis with a free trial subscription to Real Money.

Now we'll leverage the power of the crowd to take a look at some of the most active stocks on the market.

Advanced Micro Devices Inc.

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  • Nearest Resistance: $17
  • Nearest Support: $10.75
  • Catalyst: Intel Licensing

Leading off Tuesday's list is $12 billion semiconductor stock Advanced Micro Devices Inc. (AMD) - Get Report. AMD is up more than 7% as I write this afternoon, boosted by reports from Fudzilla that confirm chip giant Intel Corp. (INTC) - Get Reportis licensing AMD's graphics chips. As more integrated graphics chips become prevalent, Intel's license should provide an important revenue driver for AMD.

Technically speaking, AMD still looks very attractive right now. Shares have been in a long-term uptrend for a while now, and they bounced off of trend line support once again at the beginning of May. That bounce sets the stage for a move toward the top of AMD's uptrend, at $17.

Dick's Sporting Goods Inc.

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  • Nearest Resistance: $44
  • Nearest Support: $40
  • Catalyst: Q1 Earnings

The price action in $5 billion sporting goods retailer Dick's Sporting Goods Inc. (DKS) - Get Report is turning ugly this afternoon, as shares tumble almost 10% following first-quarter earnings. Dick's reported Q1 profits of 54 cents per share, just slightly missing the consensus estimate of 54.3 cents for the quarter. Still, same-store-sales grew more slowly than anticipated during the quarter, spooking investors who've already been let down by the retail sector in 2017.

From a technical standpoint, you don't want to own Intel's chart right now. Shares have been in a downtrend since the end of last summer, and they're accelerating that selloff now, with a violation of the bottom of the price channel today. The next meaningful support level from here is Intel's June 2016 low down at $40.

Weibo Corp.

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  • Nearest Resistance: N/A
  • Nearest Support: $55
  • Catalyst: Q1 Earnings

Weibo Corp. (WB) - Get Report is another earnings-fueled play to watch today. Shares of the Chinese social media platform are up almost 18% this afternoon on huge volume, boosted by first-quarter earnings that beat their highest estimates. The firm earned a profit of 26 cents per share for the quarter, vs. a consensus guess of 21 cents. The highest estimate for the quarter was a 25-cent profit.

Weibo's price action looks attractive here. Shares broke out of a long-term ascending triangle setup earlier this month, clearing the way for additional upside ahead of today's earnings call. So, while earnings are the catalyst for today's big pop in shares, the technical setup has a lot to do with the scale of the move higher today. Look for more upside ahead.

Etsy Inc.

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  • Nearest Resistance: $13.50
  • Nearest Support: $11.50
  • Catalyst: Private Equity Stakes

Finally, craft marketplace Etsy Inc. (ETSY) - Get Report is up 20% on huge volume as I write, spiking after news that TPG and Dragoneer Investment Group disclosed a total 8% position in Etsy, saying it believes shares were undervalued, and that it's contacted the company to discuss strategic alternatives. Investors are piling in now in hopes that the private equity owners effect a transaction that adds to their gains.

Technically, Etsy looks attractive after a pretty bearish chart setup for the last several months. Shares had been stuck in a textbook example of a down trending channel for much of this past year, but that's changed with today's news. Now, the bullish breakout through the top of the down trending channel opens up more upside potential in ETSY this summer.

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