2 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 two such stocks:

Company	Today’s Intraday Price	Industry	CAPS Rating (out of 5)	Fools Saying Outperform
Cree, Inc. (Nasdaq: CREE)	$32.24	Semiconductors and Semiconductor Equipment		743 of 806
Syntroleum Corp (Nasdaq: SYNM)	$2.98	Oil, Gas and Consumable Fuels		170 of 251

Source: Motley Fool CAPS, as of July 28, 2009

Top-rated software companies:

• ClickSoftware Technologies Ltd. (Nasdaq: CKSW): Stock price is 236% higher than last year.
• KongZhong Corp (ADR) (Nasdaq: KONG): Stock price is 210% higher than last year.

Top-rated semiconductors and semiconductor equipment companies:

• Cypress Semiconductor Corp (NYSE: CY): Stock price is 164% higher than last year.
• RF Micro Devices, Inc. (Nasdaq: RFMD): Stock price is 73% higher than last year.

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