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 135,000-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

Cree, Inc. (NASDAQ:CREE)

$32.24

Semiconductors and Semiconductor Equipment

3 Stars

743 of 806

Syntroleum Corp (NASDAQ:SYNM)

$2.98

Oil, Gas and Consumable Fuels

2 Stars

170 of 251

Source: Motley Fool CAPS, as of July 28, 2009

Top-rated software companies:

  • ClickSoftware Technologies Ltd. (NASDAQ:CKSW): Stock price is 236% higher than last year.
  • KongZhong Corp (ADR) (NASDAQ:KONG): Stock price is 210% higher than last year.

Top-rated semiconductors and semiconductor equipment companies:

  • Cypress Semiconductor Corp (NYSE:CY): Stock price is 164% higher than last year.
  • RF Micro Devices, Inc. (NASDAQ:RFMD): Stock price is 73% higher 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. Since this article was automatically generated by identifying the stocks loved both 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.