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 110,000-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

Shanda Interactive Entertainment (NASDAQ:SNDA)

$52.93

Software

3 Stars

874 of 915

Palm (NASDAQ:PALM)

$9.77

Computers and Peripherals

1 Stars

572 of 1182

NetEase.com (NASDAQ:NTES)

$30.65

Internet Software and Services

4 Stars

1012 of 1041

Source: Motley Fool CAPS, as of April 16, 2009.

Top-rated software companies:

  • TeleCommunication Systems (NASDAQ:TSYS): Stock price is 165% higher than last year.
  • Quality Systems (NASDAQ:QSII): Stock price is 63% higher than last year.

Top-rated computer and peripheral companies:

  • Synaptics (NASDAQ:SYNA): Stock price is 49% higher than last year.
  • STEC (NASDAQ:STEC): Stock price is 14% higher than last year.

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