3 Stocks Hitting High Notes

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When a stock hits a fresh high, it can mean that it’s on its way to greatness -- or that it has run its course. Even with the risk of the latter, searching for these outperformers can reveal companies that are doing something right, much to their investors' delight.

Let’s dig deeper
With that in mind, we'll use the aggregate intelligence of the 135,000-plus investors participating in Motley Fool CAPS to find stocks hitting 52-week highs today. The community's approval (signified by four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

Company	Today’s Intraday Price	Industry	CAPS Rating (out of 5)	Fools Saying Outperform
Teva Pharmaceutical Industries Ltd (ADR) (Nasdaq: TEVA)	$50.14	Pharmaceuticals		1367 of 1419
Air Transport Services (Nasdaq: ATSG)	$2.65	Air Freight and Logistics		285 of 308
STEC, Inc. (Nasdaq: STEC)	$25.66	Computers and Peripherals		354 of 406

Source: Motley Fool CAPS, as of July 1, 2009

Top-rated pharmaceuticals companies:

• Noven Pharmaceuticals, Inc. (Nasdaq: NOVN): Stock price is 37% higher than last year.
• Watson Pharmaceuticals, Inc. (NYSE: WPI): Stock price is 25% higher than last year.

Top-rated air freight and logistics companies:

• Expeditors International of Washington (Nasdaq: EXPD): Stock price is 19% lower than last year.

Join us on CAPS to learn more about these and countless other interesting stock ideas.