When you see a stock that's hitting new 52-week highs, it often means that the uptrend is very strong and the buyers are in full control (and the opposite for stocks setting new 52-week lows), momentum traders and often look at the 52-week-high lists to find new trading ideas. Keep in mind, though, that new highs can also mean that the stock is overbought or has run up too far too fast. >>5 Stocks Under $10 Setting Up to Soar That's why it's important to combine a number of technical indicators like volume, price, trend and momentum indicators such as relative strength before you make an investing or trading decision. Combine all of those things with fundamental trends, disciple and sound money management and you will be well on your way to investment success. Let's take a closer look at several stocks that hit new 52-week highs today.