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 two such stocks:

Company

Today’s Intraday Price

Industry

CAPS Rating (out of 5)

Fools Saying Outperform

Cogent, Inc. (NASDAQ:COGT)

$14.30

Electronic Equipment, Instruments and Components

4 Stars

556 of 579

Royal Gold, Inc. (NASDAQ:RGLD)

$45.41

Metals and Mining

3 Stars

245 of 274

Source: Motley Fool CAPS, as of Dec. 17, 2008

Top-rated electronic equipment, instruments and components companies:

  • SAIC, Inc. (NYSE:SAI): Stock price is 7% lower than last year.
  • Kyocera Corp (ADR) (NYSE:KYO): Stock price is 17% lower than last year.

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