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: $16.75
Nearest Support: $15.75
Catalyst: Fed Stress Tests

Up first is big bank Bank of America  (BAC - Get Report), a stock that's up more than 2% this afternoon after the results of the Fed's stress tests came out positive. The implication is that by meeting the Fed's threshold for financial health, BofA will be able to increase its payouts to shareholders.

From a technical standpoint, $16.75 is the line in the sand over at Bank of America. Shares have failed to clear that $16.75 resistance level in the past, but a breakout above that resistance line makes for a solid high-probability buy signal.


Nearest Resistance: N/A
Nearest Support: $14.10
Catalyst: Fed Stress Tests

The Fed's latest successful stress test is trickling down to larger regional banks such as KeyCorp  (KEY - Get Report) today. KeyCorp is seeing a 1.5% jump on big volume this afternoon, as investors anticipate the potential for bigger dividend payouts and higher overall leverage following the Fed's clean bill of health. For KEY, that's shoving shares to new highs.

Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year 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 risk-averse, there's still time to build a position in KEY now, just keep a stop on the other side of $13.75 support.

Huntington Bancshares

Nearest Resistance: $11.20
Nearest Support: $10
Catalyst: Fed Stress Tests

Finally, Huntington Bancshares  (HBAN - Get Report) is another large regional bank that's seeing a high-volume day thanks to the results of the Fed's stress tests. While HBAN's move higher today shoved its price action to new highs, it's looking less unbridled than KeyCorp. That's because today's pop is pressing against the top of a long-term trend channel.

Already, shares are pulling back from their highs this afternoon, and indication that upside potential is limited in HBAN for now. KEY looks like a better way to play the trend right now.

Author had no positions in stocks mentioned.