7 Stocks Hitting New 52-Week Highs

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), and 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.

Intuitive Surgical

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Intuitive Surgical ( ISRG) designs, manufactures and market da Vinci Surgical Systems, which are advanced surgical systems. This stock is trading up 1.1% to $445.23 in recent trading, after it hit a 52-week high of $447.50 earlier today.

Today's Range: $438.23-$447.50

52-week Range: $246.05-$447.50

Volume: 102,000

Three-Month Average Volume: 421,831

Intuitive Surgical has a market cap of $17.38 billion and an enterprise value of $16.25 billion. The stock trades at a trailing price-to-earnings of 38.47 and a forward price-to-earnings of 31.79. Its estimated growth rate for this year is 24.8%, and for next year it's pegged at 18.5%. The current short interest as a percentage of the float for Intuitive Surgical is rather low at just 3.6%.

From a technical standpoint, this stock has started to trigger a major breakout now that shares have cleared some past overhead resistance at $443. Market players should now watch for a sustained move and close above $443 to signal that this stock wants to trend significantly higher.

Keep in mind that ISRG is now trading in all-time-high territory, so just about everyone who has bought the stock is making money.

I also featured Intuitive Surgical, one of TheStreet Ratings' top-rated health care equipment stocks, last month in " 5 Stocks Set to Soar off Strong Earnings."

Sourcefire

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Sourcefire ( FIRE) is a provider of cyber security solutions for information technology, environments of commercial enterprises and federal, state and local government organization. This stock is trading up 0.5% to $31.99 in recent trading after hitting a 52-week high of $32.72 earlier in the day.

Today's Range: $31.66-$32.72

52-week Range: $22.61-$32.72

Volume: 154,000

Three-Month Average Volume: 470,229

Sourcefire has a market cap of $926.92 million and an enterprise value of $784.27 million. The stock trades at a trailing price-to-earnings of 147.44 and a forward price-to-earnings of 47.49. Its estimated growth rate for this year is -5.7%, and for next year it's pegged at 36%. The current short interest as a percentage of the float for Sourcefire is very high at 22.6%.

From a technical standpoint, this stock is triggering a major breakout now that shares have moved above some past overhead resistance at $31.47. The next significant resistance level will come into play at $32.79.

Market players should watch for a high-volume sustained move and close above those key resistance prices to signal that FIRE wants to trend higher. Look for volume that's tracking in close to or above 470,000 shares on any breakout over $32.79.

>>Stocks Rising on Unusual Volume

Golar LNG

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Golar LNG ( GLNG) owns and operates liquefied natural gas carriers and floating storage regasification units. This stock is trading up 2.5% at $41.95 in recent trading after hitting a 52-week high of $42.07 earlier in the day.

Today's Range: $40.56-$42.07

52-week Range: $13.75-$42.07

Volume: 336,000

Three-Month Average Volume: 677,309

Golar LNG has a market cap of $3.33 billion and an enterprise value of $4.37 billion. The stock trades at a trailing price-to-earnings of 115.22 and a forward price-to-earnings of 23.83. Its estimated growth rate for the next quarter is 285.7%, and for next year it's pegged at 90.2%. The current short interest as a percentage of the float for Golar LNG sits at 5.5%.

Morgan Stanley issued a bullish note on Golar today, saying that changes in liquefied natural gas market will positively benefit GLNG. Morgan analyst Ole Slorer raised his price target from $46 to $55 based off the long-term growth potential of GLNG.

>>Stocks With Recent Analyst Upgrades

From a technical standpoint, this stock has triggered a major breakout now that shares have moved above some past overhead resistance at $41.42.

Market players should now watch to see how the volume ends the day. It would be bullish if the stock closes above $42.41 with volume that's tracking in close to or above 677,300 shares. Keep mind that this stock is now trading near all-time highs, which is bullish for any stock.

GNC

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GNC ( GNC) is a specialty retailer of nutritional supplements. Nutritional supplements include vitamins, minerals and herbal supplements, sports nutrition products, diet products and other wellness products. This stock is trading up 0.6% at $26.93 in recent trading after hitting a 52-week high of $27.19 earlier in the day.

Today's Range: $26.61-$27.19

52-week Range: $16.08-$27.19

Volume: 420,000

Three-Month Average Volume: 1.1 million shares

GNC has a market cap of $2.86 billion and an enterprise value of $3.59 billion. The stock trades at a trailing price-to-earnings of 25.64 and a forward price-to-earnings of 15.70. Its estimated growth rate for next year is pegged at 17.8%. The current short interest as a percentage of the float for GNC stands at 4.7%.

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From a technical standpoint, this stock is very close to triggering a major breakout if it can sustain a high-volume move and close above some past overhead resistance at $26.48 and $27.13.

Market players should watch to see if this stock can close above those levels on high-volume. Look for volume that's tracking in close to or above 1.1 million shares. A move above those levels will push GNC into all-time-high territory.

Procera Networks

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Procera Networks ( PKT) is a provider of network traffic awareness, analysis and control solutions based on deep packet inspection technology for a range of broadband service providers worldwide. This stock is trading up 4.1% at $15.50 in recent trading after hitting a 52-week high of $15.62 earlier in the day.

Today's Range: $14.95-$15.62

52-week Range: $4.40-$15.62

Volume: 273,000

Three-Month Average Volume: 180,875

Procera Networks has a market cap of $220.95 million and an enterprise value of $179.45 million. The stock trades at a trailing price-to-earnings of 83.59 and a forward price-to-earnings of 53.03. Its estimated growth rate for this year is 242.9%, and for next year it's pegged at 45%. The current short interest as a percentage of the float for Procera sits at 5.2%.

This stock is spiking higher today after the company announced a $3 million follow-on order from a Tier-1 US MSO.

From a technical standpoint, this stock recently triggered a big breakout after it gapped above $12.50 to $13 a share on huge volume. This stock is now trending into some dangerous overbought areas since the current relative strength index is now showing a reading of 78.

If you're bullish on this stock, I would let it consolidate and work off some of those overbought conditions before buying any shares.

Cyanotech

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Cyanotech ( CYAN) is engaged in the cultivation and production of microalgae into natural health and nutrition products. This stock is trading up 6.2% to $5.35 in recent trading after hitting a 52-week high of $5.68 earlier in the day.

Today's Range: $5.18-$5.68

52-week Range: $2.35-$5.68

Volume: 59,000

Three-Month Average Volume: 14,415

Cyanotech has a market cap of $28.88 million and an enterprise value of $24.83 million. The stock trades at a trailing price-to-earnings of 15.75. The current short interest as a percentage of the float for Cyanotech is very low at just 0.1%.

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This stock is trading up today after the company reported quarterly revenue of about $6 million, compared with $3.8 million in the same quarter last year.

From a technical standpoint, this has started to challenge a big breakout above some past overhead resistance at $5.49. The next significant overhead resistance sits at $5.76.

Market players should now watch for a sustained high-volume move and close above both of those levels to signal that this stock wants to trend much higher. Look for volume that's tracking in close to or well above 14,415. So far today, the volume is strong, so watch to see if we get a close above $5.49 to $5.76.

PC Connection

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PC Connection ( PCCC) is a direct marketer of a range of information technology solutions. The company helps companies to design, enable, manage and service their IT environments. This stock is trading up 1.2% to $10.48 in recent trading after hitting a 52-week high of $10.88 earlier in the day.

Today's Range: $9.97-$10.88

52-week Range: $5.75-$10.88

Volume: 52,000

Three-Month Average Volume: 40,284

PC Connection has a market cap of $280.19 million and an enterprise value of $234.73 million. The stock trades at a trailing price-to-earnings of 10.05 and a forward price-to-earnings of 8.19. Its estimated growth rate for this year is 35.3%, and for next year it's pegged at 13%. The current short interest as a percentage of the float for PC Connection is rather low at just 3.7%.

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This stock is moving higher today after the company announced a special dividend of $0.40 a share.

From a technical standpoint, this stock has started to breakout above some past overhead resistance at $10.44 on decent volume. If the stock can manage to sustain a high-volume move and close above $10.44, then shares set up to trade toward the next significant overhead resistance level at around $12.

So far volume is already tracking in well above its average volume of 40,284, so key off that $10.44 when the stock closes today.

-- 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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