Stock Quotes in this Article: HTZ, JASO, YHOO

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.

>>5 Rocket Stocks Worth Buying This Week

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.

>>5 Stocks Poised for Breakouts

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


Nearest Resistance: $40

Nearest Support: $37

Catalyst: Alibaba IPO

Up first this afternoon is Yahoo! (YHOO), the Internet giant. Shares of YHOO are up almost 4% this afternoon, following news that Chinese marketplace Alibaba is planning to go public in the near-term.

Yahoo! has long been a major shareholder in Alibaba, so the news could provide a huge boost to Yahoo!'s balance sheet this quarter. Reports indicate that the Alibaba IPO could be one of the biggest in history. If that's true, the value that gets unlocked for Yahoo could be very material.

In the meantime, YHOO's chart is set up for some material moves of its own. This stock has been forming an ascending triangle with resistance at $40 for the last two months. A breakout above that $40 level is a buy signal in Yahoo! While a second resistance level at $41.50 swatted shares lower in January, $40 is the more important price level to watch for a breakout.

J.A. Solar

Nearest Resistance: $12.50

Nearest Support: $10.50

Catalyst: Earnings

Small-cap solar stock J.A. Solar (JASO) is up 5% this afternoon, after reporting fourth-quarter earnings that came in better than expected at 32 cents per share. That's up from a big loss in the same period last year. And while the fundamental improvements in this stock are promising, the real story is in the technicals this week.

JASO is testing $12.50 resistance in today's session, attempting a breakout from a rounding bottom pattern that's been setting up since November. At the moment, things don't look too auspicious. Shares of JASO are fading this afternoon, after pushing above $13 earlier in today's trading session.

I'd stay away from the long side of JASO until $12.50 gets held by buyers. There's still a lot of downside risk at this point.

Hertz Global Holdings

Nearest Resistance: $12.50

Nearest Support: $10.50

Catalyst: Spinoff Rumors

Shares of Hertz Global Holdings (HTZ) are up more than 5% this afternoon ahead of earnings on reports that the firm may spin off its construction equipment rental unit for $4.5 billion. Hertz reports its fourth-quarter earnings results tomorrow morning, but the call is getting overshadowed by the spinoff speculation. It all means that HTZ could have some big price moves this week.

From a technical standpoint, $29 is the key level to watch in shares this week. HTZ is forming a textbook ascending triangle pattern, and a breakout above that $29 level is the buy signal to be watching for. When it happens, I'd recommend keeping a protective stop just below the 200-day moving average.

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

Follow Jonas on Twitter @JonasElmerraji