Hitting a fresh high could indicate that a stock is 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.

I'm a poet and didn't know it
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 (shown by four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

 

Today's High

Industry

CAPS Rating

Fools Saying Outperform

II-VI, Inc. (NASDAQ:IIVI)

$44.81

Electronics

*****

1,192 of 1,211

ManTech International Corp. (NASDAQ:MANT)

$59.63

Computer Software & Services

*****

102 of 105

Formento Economico Mexicano SAB (ADR) (NYSE:FMX)

$5.19

Food & Beverage

*****

493 of 503

Source: Motley Fool CAPS, as of Aug. 5, 2008

Other Five-Star Computer Software & Services Companies

  • Autodesk, Inc. (NASDAQ:ADSK) -- stock price is 19% cheaper than a year ago.
  • Syntel, Inc. (NASDAQ:SYNT) -- stock price is 10.4% cheaper than a year ago.

Other Five Star Food & Beverage Companies

  • Unilever N.V. (ADR) (NYSE:UN) -- stock price is 10.5% cheaper than a year ago.
  • Diageo plc (ADR) (NYSE:DEO) -- stock price is 12.5% cheaper than a year ago.

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

Fool Analyst Dan Dzombak wishes he had bought these stocks last year. Unfortunately, he does not have a financial position in any of the stocks mentioned in this article. II-VI is a Motley Fool Hidden Gems pick. Diageo plc is a Motley Fool Income Investor recommendation. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.