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.
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 thats 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 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.
Without further ado, heres a look at today's stocks.
Nearest Resistance: $36
Nearest Support: $28
Catalyst: Ukraine-Russia Flight to Quality
Russian internet company Yandex (YNDX) is getting shellacked in today's session, down more than 12% as I write thanks to a flight to quality brought on by the escalating situation between Ukraine and Russia. While all of Europe is selling off today on fears over armed conflict over Ukraine's protests, Russian equities are getting slammed the hardest as investors get concerned about the safety of their equity under tense U.S.-Russian relations.
Either way, this chart is broken today. This morning's gap down broke shares down through the neckline in their head and shoulders top setup. Now, lower ground is the high probability trade in shares. $25 is the technical price target from the breakdown.
Nearest Resistance: $11.75
Nearest Support: $11
Catalyst: Emerging Markets Volatility
Petrobras (PBR) is off slightly this afternoon on the heels of global emerging markets volatility -- again, induced by the escalating Ukrainian situation. So even though PBR is a continent away, it's seeing shares retreat from the same flight to quality. That doesn't mean that PBR is a sell, though. In fact, shares are looking downright bullish thanks to an ascending triangle bottom that's been setting up for the last month. Resistance at $11.75 is the breakout signal to watch if shares of Petrobras can catch a bid above $11.75, then it's time to buy.
Nearest Resistance: $21.50
Nearest Support: $20.50
Catalyst: Spot Gold Spike
After a rough 2013, $21 billion gold miner Barrick Gold (ABX) is getting some upside again. In the last three months, Barrick has rallied more than 34%, pushed higher by anxiety over the staying power of this equity rally and the pop in spot gold prices. As the value of the stuff Barrick pulls out of the ground grows, so too does its share price. The geopolitical escalation is driving spot gold prices higher this morning, and that's driving ABX shares higher in kind.
Technically, Barrick's chart looks great. Shares have been in an uptrend since the start of December, and they're making their way higher still as we head into March. Relative strength has been stellar over the course of the uptrend as well, indicating that ABX is stomping regular equities right now. Until trend line support gets violated, this is a "buy the dips" chart.
To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.
-- Written by Jonas Elmerraji in Baltimore.