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. >>5 Stocks Under $10 Setting Up to Trade Higher Keep in mind, though, that new highs can also mean that the stock is overbought or has run up too far too fast. That's why it's important before you make an investing or trading decision to combine a number of technical indicators with fundamental trends, discipline and sound money management. Let's take a closer look at several stocks that hit new 52-week highs on Wednesday.