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 130,000-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

KongZhong Corp (ADR) (NASDAQ:KONG)

$5.25

Software

4 Stars

1017 of 1069

Sturm, Ruger & Company (NYSE:RGR)

$12.14

Leisure Equipment and Products

3 Stars

238 of 269

3Com Corp (NASDAQ:COMS)

$2.88

Communications Equipment

2 Stars

261 of 325

Source: Motley Fool CAPS, as of March 24, 2009.

Top-rated software companies:

  • Quality Systems, Inc. (NASDAQ:QSII): Stock price is 50% higher than last year.
  • Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA): Stock price is 32% higher than last year.

Top-rated leisure equipment and products companies:

  • Hasbro, Inc. (NYSE:HAS): Stock price is 16% lower than last year.
  • JAKKS Pacific, Inc. (NASDAQ:JAKK): Stock price is 57% lower than last year.

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