7 Stocks Hitting New 52-Week Highs

NEW YORK ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are hitting new 52-week highs and 52-week lows.

It often follows that a stock setting a new 52-week high will continue to set higher and higher highs (and the opposite for a stock setting a new 52-week low), and momentum traders often look to the 52-week-high lists for new stock ideas. Keep in mind, though, that new high prices can also indicate reasons for concern or caution in a stock.

Let's take a closer look at several stocks that hit new 52-week highs today.

>>5 Stocks Under $10 Set to Soar

El Paso ( EP) operates in the natural gas transmission and exploration and production sectors of the energy industry. Its purpose is to provide natural gas and related energy products in a safe, efficient and dependable manner. It was recently trading up $4.70, or 24%, at $24.29 after hitting a 52-week high of $24.61 earlier in the day.

Today's Range: $23.40-$24.61

52-Week Range: $12.51-$24.61

Volume: 62 million

Ratings: Of 10 analysts covering the stock, all 10 rate it a buy. TheStreet Ratings' has a C+ hold rating on El Paso.

Kinder Morgan ( KMI) has agreed to buy El Paso for $21.1 billion in cash and stock.

El Paso shows up in the portfolios of Leon Cooperman's Omega Advisors, with a new 4.2 million-share position initiated in the most recently reported quarter, and Daniel Loeb's Third Point, as the top holding with a 13 million-share position.

Anadys Pharmaceuticals ( ANDS) is a biopharmaceutical company dedicated to improving patient care by developing novel medicines for the treatment of hepatitis C. It was recently trading up $2.61, or 251%, at $3.65 after hitting a 52-week high of $3.67 earlier in the day.

Today's Range: $3.64-3.67

52-Week Range: 60 cents-$3.67

Volume: 39.2 million

Ratings: Of 10 analysts covering the stock, seven rate it a buy, and three rate it a hold.

Anadys has ageed to be acquired by Swiss drugmaker Roche Holding for $230 million.

Anadys shows up on recent lists of 10 Hep C Stocks on Wall Street's Watch List and Stocks Under $5 Setting Up to Trade Higher.

Apple ( AAPL) designs, manufactures and markets personal computers, mobile communication devices and portable digital music and video players and sell a variety of related software, services, peripherals and networking solutions. It was recently trading off $4.14, or 1%, at $417.86 after hitting a 52-week high of $426.70 earlier in the day.

Today's Range: $415.94-$426.70

52-Week Range: $297.76-$426.70

Volume: 16.6 million

Ratings: Of 41 analysts covering the stock, 38 rate it a buy, and three rate it a hold. TheStreet Ratings' has an A buy rating on Apple, making it one of the top-rated computer hardware stocks.

Apple reported record sales of the new iPhone 4S of more than 4 million in its first three days. The company is slated to report its fourth-quarter results Tuesday after the market close.

Apple shows up on recent lists of 3 Tech Stocks Shining Through the Gloom and 7 Low-PEG, High-Momentum Stocks.

Bed Bath & Beyond ( BBBY) is a chain of retail stores, operating under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon and Harmon Face Values and buybuy BABY. It was recently trading off 31 cents, or 0.5%, at $60.86 after hitting a 52-week high of $61.69 earlier in the day.

Today's Range:$60.75-$61.69

52-Week Range: $42.31-$61.69

Volume: 999,190

Ratings: Of 21 analysts covering the stock, 13 rate it a buy, and eight rate it a hold. TheStreet Ratings' has an A buy rating on Bed Bath & Beyond.

Bed Bath & Beyond, which comprises 1.9% of Steve Mandel's Lone Pine Capital portfolio, was featured in " 5 Rocket Stocks to Buy on a Bounce."

Limited Brands ( LTD) operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories under various trade names. It was recently trading off 61 cents, or 1.4%, at $42.05 after hitting a 52-week high of $43.24 earlier in the day.

Today's Range: $41.95-$43.24

52-Week Range: $28.05-$43.24

Volume: 946,080

Ratings: Of 16 analysts covering the stock, nine rate it a buy, and seven rate it a hold. TheStreet Ratings' has a B buy rating on Limited Brands.

Limited Brands was featured recently in " 5 Rocket Stocks to Buy in October."

NetLogic Microsystems ( NETL) is a semiconductor company that designs, develops and sells proprietary high-performance processors and high-speed integrated circuits. It was recently trading up 6 cents at $48.56 after hitting a 52-week high of $48.65 earlier in the day.

Today's Range: $48.45-$48.65

52-Week Range: $25.12-$48.65

Volume: 772,500

Ratings: Of 22 analysts covering the stock, five rate it a buy, 15 rate it a hold, and two rate it a sell. TheStreet Ratings' has a C hold rating on NetLogic.

Pharmaceutical Product Development ( PPDI) is a global contract research organization providing drug discovery and development services. It was recently trading off 8 cents at $32.97 after hitting a 52-week high of $32.97 earlier in the day.

Today's Range: $32.90-$33.11

52-Week Range: $23.95-$33.11

Volume: 1.7 million

Ratings: Of 12 analysts covering the stock, four rate it a buy, and eight rate it a hold. TheStreet Ratings' has a B buy rating on PPDI, making it one of the top-rated life sciences stocks.

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