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 120,000-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

PetMed Express, Inc. (NASDAQ:PETS)

$18.09

Specialty Retail, Other

5 Stars

571 of 587

AeroVironment, Inc. (NASDAQ:AVAV)

$37.00

Aerospace/Defense Products & Services

4 Stars

401 of 421

LSB Industries, Inc. (NYSE:LXU)

$8.33

General Building Materials

4 Stars

547 of 565

Source: Motley Fool CAPS, as of Nov. 3, 2008.

Top-rated specialty retail, other companies:

  • Tractor Supply Company (NASDAQ:TSCO): Stock price is 3% higher than last year.
  • AmeriGas Partners, L.P. (NYSE:APU): Stock price is 9% lower than last year.

Top-rated aerospace/defense products & services companies:

  • Elbit Systems Ltd. (ADR) (NASDAQ:ESLT): Stock price is 8% lower than last year.
  • Teledyne Technologies, Inc. (NYSE:TDY): Stock price is 13% lower than last year.

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

Disclosure is important to us here at The Motley Fool. The stocks mentioned in this article received their CAPS ratings from participants in The Motley Fool's CAPS service and have hit 52-week highs during today's trading. No individual person selected the stocks in this article, so there is no author to disclose an interest in them. Annual performance is measured over a 365-day period. Since this article was automatically generated by identifying the stocks rated by the CAPS community and by buyers in today’s market, it is possible that Motley Fool personnel (and even The Motley Fool itself, through our Million Dollar Portfolio, Motley Fool PRO, and Ready Made Millionaire services), have positions in these stocks. We thought you'd like to know that. You can learn more about The Motley Fool’s disclosure policy here.