BALTIMORE (Stockpickr) -- Today, we're leveraging the power of the crowd to take a look at five of the most active stocks on the market today.

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, here's a look at today's stocks.

BlackBerry


Nearest Resistance: $10

Nearest Support: $9

Catalyst: Third Point Position

BlackBerry (BBRY) is suffering a high-volume hangover this afternoon, correcting from the rally shares got earlier this week that Daniel Loeb's Third Point hedge fund had acquired a 2% stake in the cellphone maker. Today's price action is a good indication that you don't want to own this stock, no matter the high-profile shareholders who own it beside you.

That's because BBRY is currently forming a descending triangle pattern, a bearish setup that's formed by a downtrending resistance level to the upside and horizontal support below shares at $9. A move though $9 is the sell signal. Momentum broke in BBRY back in January. If buyers can't make a stand by holding shares above $9, the next-closest support level is $5.50.

Coca-Cola

Nearest Resistance: $39

Nearest Support: $36.50

Catalyst: Earnings

Blue-chip stocks aren't immune from the selling this afternoon. Beverage giant Coca-Cola (KO) is down on big volume for the second day after it reported its fourth quarter earnings on Tuesday. Coke earned 38 cents per share, a number that fell in-line with analyst expectations, but the recent trend in this stock has been down, and shareholders weren't impressed with the perfunctory result.

Coke is testing support at $37.25 today, a price level that springboarded KO's price higher back at the start of the month. If Coca-Cola doesn't catch a bid there, stronger support at $36.50 looks like a buying opportunity.

Nabors Industries

Nearest Resistance: N/A

Nearest Support: $18

Catalyst: Earnings Beat

Oil and gas driller Nabors Industries (NBR) is up almost 12% this afternoon, following a solid earnings call for the fourth quarter. Earnings came in at 26 cents per share for the quarter and 87 cents for the full year, both numbers coming in above the Wall Street consensus estimate. With shares at new highs in today's session, NBR's big-momentum move looks buyable today.

While NBR's price action today looks impressive, it was the lower-volume breakout above $18 last week that cleared the way for today's huge move. Now, even though NBR is well above support at $18, more upside looks likely. If you decide to be a buyer here, keep a tight stop in place.

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 the 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 CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji