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.

>>5 Stock Under $10 Set to Soar

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.

>>5 Charts to Trade Now

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.

These "most active" names are the most heavily-traded names on the market -- and often, uber-active names have some sort of a technical or fundamental catalyst driving investors' attention on shares. That's especially true now that earnings season is officially underway. And when there's a big catalyst, there's often a trading opportunity.

>>5 Dow Dividend Stocks to Beat the S&P

Without further ado, here's a look at today's stocks.

Advanced Micro Devices

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Nearest Resistance: $4.40
Nearest Support: $3.80
Catalyst: Analyst Upgrades

>>3 Tech Stocks Spiking on Big Volume

Advanced Micro Devices ( AMD) popped nearly 12% yesterday, after getting upgraded by a handful of Wall Street analysts. Yesterday's move is significant from a technical standpoint, and not just because of its size. AMD has spent the last couple of months consolidating sideways after a parabolic move higher on takeover rumors. Thursday's move has the potential to break AMD out of that range.

The resistance level of note in AMD right now is $4.40. That's the price that's acted as the top of the stock's rectangle setup since back in May. While yesterday's close was above the level, it wasn't enough to confirm the breakout. I'd suggest keeping an eye on price action in today's session if you're toying with an entry here. If you do, keep a tight stop in place -- AMD has been a volatile name in 2013.

For another take on AMD, check out yesterday's " 5 Stocks Under $10 Set to Soar."

Kodiak Oil & Gas

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Nearest Resistance: $9.60
Nearest Support: $8.60
Catalyst: Fizzled Acquisition Talk

>>4 Stocks Setting Up to Break Out

One of the few negative movers in yesterday's post-Bernanke session was Kodiak Oil & Gas ( KOG), a mid-cap exploration and production company. Kodiak has been enjoying some upward mobility since shares bottomed in April, but murmurs of failed acquisition talks were enough to spur investors to hit the "sell" button.

The move puts KOG back in the trading range that it spent all of June in. Resistance looks pretty substantial at $9.60 right now, but support at $8.60 should provide a stopping point for this stock.

Sirius XM Radio

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Nearest Resistance: N/A
Nearest Support: $3.60
Catalyst: 25M Subscribers

>>5 Rocket Stocks to Buy for Earnings Season

Finally, Sirius XM Radio ( SIRI) hit a new 52-week high yesterday, after the satellite radio company announced that it had reached the 25 million subscriber mark. SIRI has been a perennially high-volume name this year on its way to a 26% rally, but the recent price action in this stock suggests that higher ground still lies ahead.

SIRI spent June forming an inverse head and shoulders pattern with a neckline at $3.50. That pattern triggered earlier this week, sending shares higher. With a lack of recent resistance levels to the upside now, SIRI should be able to continue posting new highs in July. I'd suggest going long if shares can hold above the $3.60 level in today's session.

For another take on Sirius, check out " 4 Big Under-$10 Stocks Making Big Moves."

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


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

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to
TheStreet . Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily , and on Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji