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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 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.

Bank of America

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  • Nearest Resistance: $18.25
  • Nearest Support: $17.25
  • Catalyst: Technical Setup

Up first on our list of big-volume stocks is Bank of America (BAC) - Get Bank of America Corp Report . The whole banking sector is seeing upside this afternoon following October payroll numbers that beat the highest estimate. The macro implications for bank stocks are the main driver for the 4% pop in BofA today. But Bank of America is special today because of a strong technical setup that's been forming in shares for the last month and change.

Bank of America broke out of a bullish price setup back in October, and after consolidating a bit, shares are making a run higher to test resistance up at $18.25. A secondary breakout above that $18.25 price ceiling sends a fresh buy signal to investors for this big bank.

Market Vectors Gold Miners ETF

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  • Nearest Resistance: $17
  • Nearest Support: $13
  • Catalyst: Technical Setup

The Market Vectors Gold Miners ETF (GDX) - Get VanEck Gold Miners ETF Report  is another huge-volume issue that's moving for technical reasons this afternoon. GDX's exposure to gold miners means that it basically acts like a leveraged bet on spot gold prices. For that reason, any dip in gold prices translates into a drop in GDX.

This afternoon, shares are down by about 4%, a continuation of the resistance bounce that we saw back in mid-October. The broadening pattern on this chart is a red flag; it indicates that volatility is increasing in GDX right now. If $13 support gets violated, then look out below in this big-volume ETF.

Nvidia 

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  • Nearest Resistance: N/A
  • Nearest Support: $29
  • Catalyst: Q3 2016 Earnings

Graphics card maker Nvidia  (NVDA) - Get NVIDIA Corporation Report  is up more than 14.6% on big volume this afternoon, rallying following strong earnings results for the third quarter of fiscal 2016. Nvidia earned 46 cents per share for the quarter, besting analysts' best guess of 34.5 cents on average. Likewise, the firm forecast gaming growth to boost revenues for the coming holiday quarter. The news is sending shares to new multiyear highs today.

Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. If you decide to be a buyer here, I’d recommend keeping a tight stop in place.

Regions Financial

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  • Nearest Resistance: $10.70
  • Nearest Support: $9.70
  • Catalyst: Analyst Upgrade, Technical Setup

$13 billion bank Regions Financial (RF) - Get Regions Financial Corporation Report is seeing a strong performance to end this week, up more than 4% on higher-than-usual volume. Regions is enjoying the banking sector's post-payrolls upside this afternoon, plus the good effects of a stock upgrade from analysts at Susquehanna, who upgraded the firm's price target to $12. Ultimately, one major factor in Regions' rally today is technical. Shares have been bottoming over the course of the last three months, and today's push through $9.70 marks a solid buying opportunity.

From a technical standpoint, Regions Financial today looks a whole lot like Bank of America did a month or so ago -- and that's a good thing for anyone who's thinking about buying here. At this point, prior resistance at $10.70 looks like the next stop for Regions on the way up.

Disclosure: This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.