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 Stocks Insiders Love Right Now

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 Rocket Stocks Worth Buying This Week

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.

Frontier Communications

Nearest Resistance: N/A

Nearest Support: $5

Catalyst: Technical Setup

>>5 Stocks Poised for Breakouts

Mid-cap communications stock Frontier Communications (FTR) is up 1.3% on high volume this afternoon, following through to new highs after breaking out above $5 resistance on Monday. That price action makes $5 a new support level for shares, and makes more upside the likely trade for shares.

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. If you decide to be a buyer here, I'd recommend keeping a stop under the lower support level at $4.90.

FTR still pays out a whopping 7.6% dividend yield at current prices.


Nearest Resistance: $39.50

Nearest Support: $37.50

Catalyst: Earnings

>>5 Stock Charts Screaming "Buy" in March

Large-cap enterprise software firm Oracle (ORCL) is off 1.2% on high volume this afternoon, following news that the firm missed fourth quarter earnings by 2 cents. Analysts were expecting profits to reach 70 cents per share, but they came in at 68 cents. It's a modest miss, and from a technical standpoint, shares are holding up that it's not a particularly significant one.

In short, the uptrend in Oracle remains intact. Shares are re-testing trend line support at $37.50 this afternoon, but that resembles a buying opportunity more than a cause for concern. The fact that buyers are stepping in at support bodes well for ORCL's upside in the next month.

First Solar

Nearest Resistance: N/A

Nearest Support: $65

Catalyst: Earnings Guidance

First Solar (FSLR) is up more than 13% this afternoon, following the firm's release of guidance for 2014 and beyond. The firm expects revenue to fall between $3.7 and $4 billion this year, besting the consensus estimate that falls at the bottom of that range. Most important, it forecasts impressive numbers for 2015 and 2016 that include much higher levels of profitability than the firm sees today.

FSLR is testing a key breakout to new highs this afternoon as shares press up through previous resistance at $65. That $65 level has acted like a price ceiling in the past, so the fact that First Solar is catching a bid above it bodes well for buyers. If shares can hold $65 through the close, consider FSLR a buy.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


Follow Stockpickr on Twitter and become a fan on Facebook.

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