3 Stocks Hitting High Notes

By Dan Dzombak:

Stocks hitting fresh highs can either signal 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 (those with four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

Source: Motley Fool CAPS, as of July 17, 2008.

Other Five-Star Consumer Non-Durable Companies

• Greif (NYSE: GEF) -- stock price is 9.4% cheaper than a year ago.
• Procter & Gamble (NYSE: PG) -- up 1.2% in past year.

Other Five Star Drugs Companies

• Teva Pharmaceutical (Nasdaq: TEVA) -- stock price is 2.4% cheaper than last year.
• Johnson & Johnson (NYSE: JNJ) -- up 7.8% in past year.

• Copyright © 2008 Universal Press Syndicate.