Stocks hitting fresh highs can either signal that a stock is 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.

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 indicate that further research is in order.

Here are three such stocks:

 Company

Today's High

Industry

CAPS Rating

Fools Saying Outperform

Amgen (NASDAQ:AMGN)

$62.50

Drugs

****

1641 of 1784

Wrigley (NYSE:WWY)

$79.17

Food & Beverage

****

584 of 612

Emergent BioSolutions (NYSE:EBS)

$13.13

Drugs

*****

239 of 244

Source: Motley Fool CAPS, as of July 28, 2008.

Other five-star food & beverage companies:

  • PepsiCo (NYSE:PEP) -- stock price is 1.6% cheaper than a year ago.
  • Sadia (NYSE:SDA) -- up 53.3% in the past year.

Other five-star drug companies:

  • Johnson & Johnson (NYSE:JNJ) -- up 12.2% in the past year.
  • ViroPharma (NASDAQ:VPHM) -- stock price is 18.7% cheaper than a year ago.

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

Sadia is a Motley Fool Hidden Gems pick. Johnson & Johnson is an Income Investor recommendation. Try any of our Foolish newsletters today, free for 30 days.

Fool analyst Dan Dzombak still has not found Carmen Sandiego. The Motley Fool disclosure policy is certain she's not in Alexandria.