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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 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 as a starting point for investors who want a starting point in their analysis.

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

Direxion Daily Junior Gold Miners Index Bull 3x ETF

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  • Nearest Resistance: $12.50
  • Nearest Support: $7.50
  • Catalyst: Gold Prices

The first week of 2017 was interesting for the Direxion Daily Junior Gold Miners Index Bull 3x ETF (JNUG) - Get Direxion Daily Junior Gold Miners Index Bull 3X Shares Report, a leveraged exchange traded fund that tracks the moves of gold mining stocks. JNUG ended the week as one of the most heavily traded issues on the NYSE, getting added attention thanks to higher ground in gold prices Thursday and a steep correction Friday.

JNUG's technical picture has looked ugly since this ETF peaked back in August, rolling over in a well-defined downtrend in the intervening months. But that could be about to change - shares broke through the top of their downtrend this past week, signaling that a trend reversal could be underway. It's still too early to call the breakout confirmed - JNUG ended the week mere cents away from re-entering the channel, putting this stock squarely in make-or-break mode right now. JNUG's price action next week will dictate the future of its price trend.

J.C. Penney

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  • Nearest Resistance: $8.50
  • Nearest Support: $7
  • Catalyst: Sales Decline

J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Reporthas had a rough week. Shares of the small-cap department store chain have lost almost 9% of their market value to kick off 2017, dropping on reports that the firm saw a sales decline in November and December. J.C. Penney's same-store-sales dropped 0.8% in the two-month period, mirroring similarly disappointing results in other department store stocks.

That downside is particularly problematic for Penney because of the fact that shares violated the trendline that's acted like a price floor for shares going all the way back to the start of last year. With that uptrend taken out, JCP just opened up a lot more downside risk in January.

Chesapeake Energy

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  • Nearest Resistance: $8
  • Nearest Support: $6
  • Catalyst: Commodity Dip

Consistently high-volume energy stock Chesapeake Energy  (CHK) - Get Chesapeake Energy Corporation Report ended Friday's session 2.37% lower on high volume, pulled down by similar dips in oil and gas prices. Overall, though, there's a lot to like about Chesapeake's chart in January. Shares have been in a well-defined uptrend for the better part of the last year, and as Chesapeake corrects a bit within the context of that uptrend, it remains a "buy the dips stock".

iPath S&P 500 VIX Short-Term Futures ETN

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  • Nearest Resistance: N/A
  • Nearest Support: N/A
  • Catalyst: S&P Upside

Overall, the first week of 2017 was positive for the S&P 500, the big index starting the year up 1.7% on a price basis. That's more bad news for the iPath S&P 500 VIX Short-Term Futures ETN (VXX) - Get iPath Series B S&P 500 VIX Short-Term Futures ETN Report, a popular way to get exposure to the VIX Volatility Index. VXX has been pointed lower for the past year, plummeting as implied volatility dried up and the broad market pushed to new highs. Don't get tempted by the exotic lure of VXX - as long as the primary uptrend in the S&P remains intact, you don't want to own this exchange-traded note.

An important note about this exchange-traded note is the fact that VXX doesn't have conventional support and resistance levels like a normal stock. Since the price action in VXX is determined by a statistical formula, not directly supply and demand from market participants, it's important not to try to use conventional technical tools on this unique exchange traded note. But, as long as the uptrend in the S&P remains intact, you don't want to own VXX.

Teva Pharmaceutical 

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  • Nearest Resistance: $38
  • Nearest Support: $35
  • Catalyst: Guidance Cut

Teva Pharmaceutical (TEVA) - Get Teva Pharmaceutical Industries Limited Sponsored ADR Reportended the week on a sour note, tumbling 7.5% Friday following a cut to profit guidance for 2017. Teva announced that it expects profits to be between $4.90 and $5.30 a share, well below the $6 to $6.50 profit expected as recently as this summer. While Wall Street's expectations were more tepid, on average, the guidance cut still puts 2017 projections below what analysts were expecting.

Teva's price action has been bearish for a while now, and Friday's decline is setting the stage for another potential downside move. Teva is forming a descending triangle pattern that triggers a sell signal if support down at $35 gets violated. Investors should keep a close eye on Teva as shares flirt with that key support level in the week ahead.


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  • Nearest Resistance: $42.50
  • Nearest Support: $41.25
  • Catalyst: Merger Update

Telecom giant AT&T (T) - Get AT&T Inc. Report ended about 2% lower on Friday, following the firm's comments that it believes it will be able to avoid merger scrutiny from the FCC by not transferring Time Warner's (TWX) licenses to its new parent as part of the high-profile merger. The update potentially sheds a layer of regulatory challenges from the already arduous merger process for the two companies.

But Wall Street didn't react well to the filing. Shares failed at the $42.50 resistance level that had acted as a prior high back in August, sliding down to the same $41.25 support level that had been a temporary price floor back in the summer. If AT&T violates support at $41.25, expect lower ground ahead.


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  • Nearest Resistance: $118
  • Nearest Support: $115
  • Catalyst: Technical Setup

Finally, tech giant Apple (AAPL) - Get Apple Inc. (AAPL) Reportended the week up slightly on huge volume, the result of a major technical setup that's coming together in shares. Apple has been in an uptrend since May, and now, shares are teetering on the verge of an important breakout through prior highs at $118.

Apple ended Friday just a few cents away from that key resistance level, which, if taken out next week, could clear the way for a re-test of all-time highs at $134.50. If Apple pushes above $118, we've got a new buy signal in this big stock.

Apple is a holding in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

At the time of publication, author was long AAPL.