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 140,000-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

StatoilHydro ASA (ADR) (NYSE:STO)

$23.83

Oil, Gas and Consumable Fuels

5 Stars

899 of 917

Alcatel-Lucent (ADR) (NYSE:ALU)

$4.76

Communications Equipment

2 Stars

381 of 523

The Blackstone Group L.P. (NYSE:BX)

$16.04

Capital Markets

3 Stars

802 of 976

Source: Motley Fool CAPS, as of October 12, 2009

Top-Rated oil, gas and consumable fuels companies:

  • CVR Energy (NYSE:CVI): Stock price is 248% higher than last year.
  • PALADIN RES NL (Nasdaq Oth: PALAF): Stock price is 197% higher than last year.

Top-Rated communications equipment companies:

  • Ceragon Networks Ltd. (NASDAQ:CRNT): Stock price is 87% higher than last year.
  • Nice Systems Ltd. (ADR) (NASDAQ:NICE): Stock price is 77% higher than last year.

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