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

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 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.

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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.

Pizza Inn

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Pizza Inn ( PZZI) operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn. This stock is trading up 10% to $5.40 in recent trading, after it hit a 52-week high of $5.56 earlier today.

Today's Range: $4.90-$5.56

52-week Range: $1.85-$5.56

Volume: 241,000

Three-Month Average Volume: 71,131

Pizza Inn has a market cap of $43.73 million and an enterprise value of $38.96 million. The stock trades at a trailing price-to-earnings of 31.40. Its price-to-sales is 0.91, and its price-to-book is 6.69. The current short interest as a percentage of the float for Pizza Inn is extremely low at just 0.1%.

From a technical standpoint, this stock has triggered a major breakout today now that shares have started to move above some near-term overhead resistance at $5 to $5.01 a share on monster volume.

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The next area that traders should key off of is $6 a share, which is the all-time high form back in 1997. It's likely that the stock is going to re-test that level, so watch for continued upside from current levels if the breakout over $5 holds.

Questcor Pharmaceuticals

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Questcor Pharmaceuticals ( QCOR) is a biopharmaceutical company. Questcor primary product is H.P. Acthar Gel, an injectable drug that is approved by the United States Food and Drug Administration. This stock is trading up 3% to $42.40 in recent trading after hitting a 52-week high of $43.04 earlier in the day.

Today's Range: $41.31-$43.04

52-week Range: $12.16-$43.04

Volume: 638,000

Three-Month Average Volume: 1,275,110

Questcor has a market cap of $2.66 billion and an enterprise value of $2.40 billion. The stock trades at a trailing price-to-earnings of 51.91 and a forward price-to-earnings of 23.42. Its estimated growth rate for this year is 93.3%, and for next year it's pegged at 56.6%. The current short interest as a percentage of the float for QCOR is rather large at 9.8%.

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From a technical standpoint, this stock is started to break out today above some past overhead resistance at $42.77. Since moving above that level, the stock has now reversed and traded back below that key breakout point.

Traders should now watch for a sustained move and close above $42.77 on heavy volume to signal that this stock wants to trend higher.

Questcor shows up on a recent list of 10 Low-PEG, High-Momentum Stocks.

Pier 1 Imports

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Pier 1 Imports ( PIR) is a specialty retailer of imported decorative home furnishings and gifts. This stock is trading down 1.4% at $12.78 in recent trading after hitting a 52-week high of $13.09 earlier in the day.

Today's Range: $12.69-$13.09

52-week Range: $8.60-$13.09

Volume: 721,000

Three-Month Average Volume: 2,279,700

Pier 1 Imports has a market cap of $1.39 billion and an enterprise value of $1.24 billion. The stock trades at a trailing price-to-earnings of 13.85 and a forward price-to-earnings of 13.24. Its estimated growth rate for this year is -1.2%, and for next year it's pegged at 15.7%. The current short interest as a percentage of the float for Pier 1 Imports is notable at 6.5%.

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From a technical standpoint, this stock is setting up for a major breakout if it can sustain a move and close above $12.75 on above average volume. Look for the stock to trade above that level on volume that's tracking in close to or above its three-month average action of 2.2 million shares.

If we get that action, then traders should look for this stock to continue to trend higher in the near-term.

Arabian American Development

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Arabian American Development ( ARSD) manufactures various specialty petrochemical products and owns an interest in a Saudi Arabian joint stock mining company and in mineral properties in the U.S. This stock is trading up 1.8% at $5.03 in recent trading after hitting a 52-week high of $5.10 earlier in the day.

Today's Range: $4.95-$5.10

52-week Range: $2.75-$5.10

Volume: 22,500

Three-Month Average Volume: 13,189

Arabian American Development has a market cap of $118.69 million and an enterprise value of $130.05 million. The stock trades at a trailing price-to-earnings of 45.96 and a forward price-to-earnings of 10.66. Its estimated growth rate for next year is a whopping 176.5%.

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From a technical standpoint, this stock is approaching a major breakout if it can sustain a move and close above some past overhead resistance at $5.10 a share. The stock touched that level today, but so far has failed to move above it.

Traders should watch for any move on high volume above $5.10 in the coming days or weeks to trigger a breakout trade. Look for volume that's tracking in close to or above its three-month average action of 13,189 shares. A move above $5.10 should set this stock up to re-test its next significant overhead resistance level at $6.

Conn's

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Conn's ( CONN) is a specialty retailer of consumer products and also provides consumer finance for the purchase of the products that it offers. This stock is trading up 12.6% at $9.95 in recent trading after hitting a 52-week high of $10.54 earlier in the day.

Today's Range: $8.93-$10.54

52-week Range: $3.12-$10.54

Volume: 372,000

Three-Month Average Volume: 234,877

Conn's has a market cap of $316.87 million and an enterprise value of $572.38 million. The stock trades at a forward price-to-earnings of 11.8. Its estimated growth rate for this year is 288.9%, and for next year it's pegged at 20%. The current short interest as a percentage of the float for Conn's is very large at 24.7%.

From a technical standpoint, this stock is setting up for a major breakout if it can manage to sustain a move and close above $9.88 and $10.33 a share on heavy volume. A high-volume move above those levels should set this stock up to re-test its next significant overhead resistance level near $13.

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Traders should not get excited about more upside in this stock until it can close above $10.33 and today's high of $10.54.

Cardtronics

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Cardtronics ( CATM) provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. This stock is trading up 3.4% to $26.04 in recent trading after hitting a 52-week high of $28.46 earlier in the day.

Today's Range: $25.77-$28.46

52-week Range: $16.32-$28.46

Volume: 384,000

Three-Month Average Volume: 406,234

Cardtronics has a market cap of $1.13 billion and an enterprise value of $1.38 billion. The stock trades at a trailing price-to-earnings of 25.63 and a forward price-to-earnings of 16.78. Its estimated growth rate for this year is 31%, and for next year it's pegged at 18.3%. The current short interest as a percentage of the float for Cardtronics stands at 4.8%.

From a technical standpoint, this stock is triggering a major breakout today now that it has started to move above some past overhead resistance at $25.92 and $25.85 a share. Traders should now watch for a sustained move and close above those levels to signal that this stock wants to go much higher. Any failure to stay above those resistance levels would have me avoiding the stock in the near-term.

That said, this breakout, if it holds, will have the stock trading in all-time high territory, which was hit at $28.46 earlier in the trading session.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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