Stocks hitting fresh highs can either signal that a stock is on its way to greatness or that it's 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.

I'm a poet and didn't know it
With that in mind, we'll use the aggregate intelligence of the 110,000-plus investors participating in Motley Fool CAPS to find stocks hitting 52-week highs today. The community's approval (signaled by four- and five-star ratings) could suggest that further research is in order.

Here are three such stocks:

 Company

Today’s High

Industry

CAPS Rating

Fools Saying Outperform

Western Union (NYSE:WU)

$27.84

Diversified Services

*****

946 of 975

BJ Services (NYSE:BJS)

$34.94

Energy

****

510 of 530

Woodward Governor (NASDAQ:WGOV)

$45.00

Industrial

*****

531 of 540

Source: Motley Fool CAPS, as of July 22, 2008.

Five-star diversified services companies:

  • Accenture (NYSE:ACN) -- stock price is 8.5% cheaper than a year ago.
  • Jacobs Engineering (NYSE:JEC) -- stock price is up 26.5% over the past year.

Other five-star energy companies:

  • ConocoPhillips (NYSE:COP) -- stock price is 0.5% cheaper than a year ago.
  • Talisman Energy (NYSE:TLM) -- stock price is 4.8% cheaper than a year ago.

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

Western Union and Accenture are Motley Fool Inside Value recommendations. Try any of our Foolish newsletter services free for 30 days.

Fool analyst Dan Dzombak does not have a financial position in any of the stocks mentioned in this article. The Motley Fool has a disclosure policy.