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 115,000-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:


Today’s High


CAPS Rating (out of 5)

Fools Saying Outperform

New York & Company, Inc. (NYSE:NWY)


Apparel Stores

3 Stars

295 of 339

Medifast, Inc. (NYSE:MED)


Specialty Retail, Other

2 Stars

107 of 131


Source: Motley Fool CAPS, as of Aug. 21, 2008.

Five-star specialty retail, other company:

  • PetMed Express, Inc. (NASDAQ:PETS): Stock price is 9% cheaper than last year.

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