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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.

Advanced Micro Devices

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  • Nearest Resistance: N/A
  • Nearest Support: $5
  • Catalyst: Analyst Upgrade

Shares of chipmaker Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report  ended last week on a high note, rallying 10.7% on Friday after news hit that Canaccord Genuity had upgraded the stock. Canaccord raised their rating on AMD to a buy, pushing their price target up to $6. The bullish sentiment proved to be enough to spur some buying in this tech stock, shoving shares through $5 for the first time since 2012. And higher ground could be in store for AMD as shares push their way to those multiyear highs.

Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in recent years 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.

For traders who aren't put off by the risk of buying a stock as volatile as AMD has been, there's still time to buy this stock now. Just keep a stop on the other side of $4.25 support.

iShares MSCI Japan ETF

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  • Nearest Resistance: $11.60
  • Nearest Support: $11.20
  • Catalyst: Technical Setup

U.S. investors have been paying plenty of attention to Japan lately, thanks in large part to the Bank of Japan's decision to hold interest rates steady on Wednesday. But the driver behind huge volume in shares of the iShares MSCI Japan ETF (EWJ) - Get iShares MSCI Japan ETF Report  looked more technical last week.This $15 billion exchange-traded fund tipped the scales as one of the most heavily-traded issues on the NYSE after violating its uptrend earlier this month.

From here, EWJ could have further to correct. It makes sense to avoid the long-side of this stock until shares can find meaningful support again.

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  • Nearest Resistance: $107.50
  • Nearest Support: $92.50
  • Catalyst: Technical Setup

Forget about Apple's (AAPL) - Get Apple Inc. Report  hotly watched keynote last week. The big driver in shares to close out the week was technical.

Apple has been under pressure for the better part of the last year, and shares are coming down to test long-term support in June. $92.50 is the important price level to watch in Apple here. If Apple can bounce off of that $92.50 price floor, then buyers could be looking at a decent buying opportunity. Otherwise, if Apple violates that $92.50 level, it opens up a whole lot of downside risk. That's good reason to pay attention to how this tech giant trades in the week ahead.

Apple is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio. Cramer and Research Director Jack Mohr wrote recently: 

Apple is hardly devoid of risks, yet the stock price more than reflects this with shares trading under 10x forward earnings per share against the backdrop of a high return on equity, rock-solid balance sheet, a mix shift toward its high-growth, highly recurring and high-margin Services business, and myriad of catalysts in the back half of the year and beyond, the most prominent being the iPhone 7 launch in September. Although the path to value creation inevitably will take time, we continue to view Apple as a stock that should be owned, not traded.

Elizabeth Arden 

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  • Nearest Resistance: $14
  • Nearest Support: $13.72
  • Catalyst: Acquisition

Small-cap cosmetics company Elizabeth Arden (RDEN)  saw its shares rocket almost 50% higher on Friday, boosted by news that the firm is being acquired by larger makeup company Revlon (REV) - Get Revlon, Inc. Class A Report . Revlon will pay $14 per share in cash, a big premium to Elizabeth Arden's closing price this past Thursday, but less of a premium considering where this stock traded just a year ago. Elizabeth Arden's 52-week high is $15.59.

At this point, the money has already been made on the RDEN trade. Shares trade for a tiny 0.88% discount to the $14 offer price, signaling that Wall Street thinks it's likely that the deal gets done.

Ford Motor

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  • Nearest Resistance: $15
  • Nearest Support: $13
  • Catalyst: Technical Setup

Ford Motor (F) - Get Ford Motor Company Report  saw a high-volume end to the week, bouncing its way higher in the past three trading sessions as shares touched long-term support. In the short term, Ford has been correcting in a pretty well-defined downtrend for the last month and a half -- but the longer-term picture is starting to come together for Ford bulls, and now is beginning to look like a good time to buy.

For anyone looking to build a position in Ford here, this week's lows at $12.75 are a good place to park a stop loss.


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  • Nearest Resistance: $40
  • Nearest Support: $38
  • Catalyst: Q4 Earnings

$165 billion tech firm Oracle (ORCL) - Get Oracle Corporation Report  saw an earnings-induced jump this past Friday, bumping 2.7% higher on big volume following the firm's fourth-quarter results. Oracle earned a profit of 81 cents per share, excluding one-time items, a result that came in line with the average best-guess on Wall Street. The good news for Oracle owners was the fact that the firm's cloud business beat expectations, indicating that the firm's transition towards more cloud products is going according to plan.

Technically speaking, the plan might have some hiccups. That's because Oracle's share price has been in a tightly-defined downtrend since March, bouncing shares lower on every successive test of trend line resistance. And we're heading into the week ahead with shares bumping up against that resistance level for a third time. If Oracle fails to break through the top of its trend channel here, look out below.


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  • Nearest Resistance: $32.50
  • Nearest Support: $31
  • Catalyst: Technical Setup

Rounding out our list of actively traded issues from last week is Intel (INTC) - Get Intel Corporation Report . It all comes down to Intel's chart right now. This big chip stock has been hovering just below key resistance at $32.50, a price ceiling that stands in between Intel's current price level and a re-test of prior highs up at $35.50.

Put simply, if Intel can muster the strength to catch a bid above $32.50 in the week ahead, shares could have a substantial run ahead of them. That's good reason to keep a close eye on this stock on Monday.

Disclosure: This article is commentary by an independent contributor. At the time of publication, the author was long AAPL.