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 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.

Bank of America

Nearest Resistance: $16
Nearest Support: $15.25
Catalyst: Downgrade

Bank of America  (BAC - Get Report) leads the list of Wall Street's most-active stocks this morning, dragged 1.8% lower this afternoon by selling following a downgrade by UBS. BofA saw its price target cut to $16 on concerns that the big bank could fail a Fed stress test, requiring it to increase capital reserves. Today's move may not be huge, but it is material from a technical standpoint.

That's because the drop pushed BAC through a key support level at $16, a level that had recently become a price floor after a breakout at the start of the month. The move opens the door to a re-test of prior support at $15.25.

J.C. Penney

Nearest Resistance: $9.50
Nearest Support: $8.50
Catalyst: Q4 Earnings

Meanwhile, department store retailer J.C. Penney  (JCP - Get Report) is selling just under 4% lower following the firm's fourth quarter results. Penney missed analysts average 12.6-cent profit guess, instead reporting a breakeven quarter on an adjusted basis. Despite the miss, profitability measures did improve at JCP, and shares have slowly been clawing their way back to yesterday's close after gapping down at the open.

JCP started the week looking stellar from a technical perspective. And that hasn't changed with today's correction. The fact that shares are holding their $8.50 breakout level is the biggest factor for traders to pay attention to here -- buyers are clearly still in control of this stock. If you decide to buy JCP, just be sure to keep a tight stop in place.

Clean Energy Fuels

Nearest Resistance: $6
Nearest Support: $5.50
Catalyst: Q4 Earnings

Clean Energy Fuels (CLNE - Get Report) is rallying more than 17% this afternoon, boosted by an unexpected fourth-quarter profit. The announcement was enough to make this small-cap natural gas stock one of the most heavily-traded names on the NASDAQ today. CLNE earned adjusted profits of 11 cents per share, stomping the 13-cent loss that analysts were anticipating.

The technical picture in CLNE looks excellent right now, as shares break out through $5.50 resistance and trigger an inverse head and shoulders setup. This stock has sold off hard over the course of the last year, and that leaves plenty of room for shares to rebound in the intermediate-term.

-- Written by Jonas Elmerraji in Baltimore.

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At the time of publication, author had no positions in the stock 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 that 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