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 125,000-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

Geron (NASDAQ:GERN)

$7.11

Biotechnology

3 Stars

380 of 426

American Science & Engineering (NASDAQ:ASEI)

$82.50

Aerospace and Defense

4 Stars

957 of 997

Source: Motley Fool CAPS, as of Jan. 23, 2009.

Top-Rated biotechnology companies:

  • Momenta Pharmaceuticals (NASDAQ:MNTA): Stock price is 76% higher than last year.
  • Vertex Pharmaceuticals (NASDAQ:VRTX): Stock price is 62% higher than last year.

Top-Rated aerospace and defense companies:

  • Axsys Technologies (NASDAQ:AXYS): Stock price is 26% higher than last year.
  • Esterline Technologies (NYSE:ESL): Stock price is -18% lower than last year.

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