When a stock hits a fresh high, it can be on its way to greatness -- or it may have 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 three such stocks:

Company

Today's Intraday Price

Industry

CAPS Rating (Out of 5)

Fools Saying Outperform

China GrenTech (ADR) (NASDAQ:GRRF)

$5.92

Communications Equipment

4 Stars

383 of 406

Vimicro Internationa (ADR) (NASDAQ:VIMC)

$2.98

Semiconductors and Semiconductor Equipment

4 Stars

290 of 303

Select Comfort (NASDAQ:SCSS)

$3.04

Specialty Retail

3 Stars

2,663 of 2,987

Source: Motley Fool CAPS, as of Aug.14, 2009.

Top-Rated Communications Equipment Companies:

  • Arris Group (NASDAQ:ARRS): Stock price is 39% higher than last year.
  • InterDigital (NASDAQ:IDCC): Stock price is 15% higher than last year.

Top-Rated Semiconductors and Semiconductor Equipment Companies:

  • Cypress Semiconductor (NYSE:CY): Stock price is 155% higher than last year.
  • RF Micro Devices (NASDAQ:RFMD): Stock price is 35% 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.