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.
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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 today.
Without further ado, here's a look at today's stocks.
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Nearest Resistance: $7.50
Nearest Support: $7
Catalyst: Q3 Earnings
Groupon (GRPN) rocketed 22% on Friday, boosted by the firm's fourth-quarter earnings numbers. The daily deal site earned 3 cents during the quarter, beating analysts' 1-cent expectations. Note that the firm reported that it expects to hit profitability in range of the 2 cents to 4 cents per share range next quarter as well, and management talked in-depth about plans to expand their business in Asia, a potentially high-growth market for GRPN.
Technically speaking, Friday's big move could potentially break Groupon out of the sideways range it's been stuck in since the start of May. If shares can hold above $7 into the week ahead, then look for some upside room for GRPN to run. The next potential stumbling block is a relatively weak resistance level up at $7.50.
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Nearest Resistance: $35
Nearest Support: $31
Catalyst: Technical Setup
Intel (INTC) was a big mover on Friday, up nearly 4.4% as the whole semiconductor got a lift from the broad rally propelled by the Bank of Japan's QE hike. For Intel, the jump came after a rough session on Thursday, an indication that there's no shortage of buying pressure in this stock right now.
Resistance at $35 is the line of the sand that investors need to be watching here: if shares can manage to catch a bid above $35, then higher ground looks likely in the intermediate-term.
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Nearest Resistance: $47.50
Nearest Support: $42
Catalyst: Technical Setup
Microsoft (MSFT) fully participated in the broad-based tech sector rally on Friday, moving nearly 2% higher on big volume during the session.
From a technical perspective, Microsoft continues to look bullish. This tech giant has been a "buy-the-dips stock" going back to the start of the year, and while shares could stand to sell off a bit before we get close to another "dip" opportunity, the trajectory is pointed higher. If MSFT can clear its 52-week highs (currently within grabbing distance here), it opens the door to more upside potential to start the new month.To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.
-- Written by Jonas Elmerraji in Baltimore.