Stock Quotes in this Article: AKRX, AMT, ICLK, LGF, MGAM, YHOO

 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 such as 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, discipline 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.

    Akorn

    Akorn (AKRX) manufactures and markets a range of diagnostic and therapeutic ophthalmic pharmaceuticals, as well as niche hospital drugs and injectable pharmaceuticals. This stock is trading up 11% to $9.98 in recent trading, after it hit a 52-week high of $10.10 earlier today.

    Today’s Range: $8.85-$10.10

    52-Week Range: $4.37-$10.10

    Volume: 3.1 million

    Three-Month Average Volume: 1.12 million

    Akron has a market cap of $946.41 million and an enterprise value of $815.25 million. The stock trades at a trailing price-to-earnings of 20.56 and a forward price-to-earnings of 29.38. Its estimated growth rate for this year is 61.10%, and for next year it’s pegged at 17.20%. The current short interest as a percentage of the float for Akron is notable at 7.7%.

    This company reported record third-quarter earnings today on revenue of $36.6 million, a 69% increase from the same quarter last year. The company also raised its 2011 outlook to $130 million to $132 million.

    From a technical standpoint, this stock has triggered a major breakout today on high volume now that the stock has punched through some past overhead resistance at $9.50 a share. This move today is pushing AKRX to brand new all-time highs. As long as the stock can sustain a move and close above $9.50, then it should be setting up to trend significantly higher.

    I recently included Akron in a list of stocks under $10 setting up to trade higher.

    Multimedia Games

    Multimedia Games (MGAM), together with its subsidiaries, engages in the development and supply of comprehensive systems, content, electronic games and player terminals for the casino, charity, international bingo and video lottery markets in the U.S. and internationally. This stock is trading up 1.3% to $6.70 in recent trading after hitting a 52-week high of $6.80 earlier in the day.

    Today’s Range: $6.33-$6.80

    52-Week Range: $3.87-$6.80

    Volume: 147,292

    Three-Month Average Volume: 165,368

    Multimedia Games has a market cap of $177.43 million and an enterprise value of $170.66 million. The stock trades at a trailing price-to-earnings of 13.42 and a forward price-to-earnings of 35.11. Its estimated growth rate for this year is 137.9%, and for next year it’s pegged at 72.7%. The current short interest as a percentage of the float for Multimedia Games stands at 4.9%.

    From a technical standpoint, this stock is breaking out today above some past overhead resistance at around $6.47 a share. The next significantly overhead resistance for this stock won’t come into play until $8 to $10 a share. That said, the stock is approaching a very overbought condition since its current relative strength index reading is 77.

    Just because it’s overbought that doesn’t mean it can’t go higher, but it does raise the risk of buying at current levels. The trend is strong here, but it might be a smart idea to buy shares off the next big pullback.

    As of the most recently reported period, Multimedia Games was a holding in the portfolio of Seth Klarman's Baupost Group.

    interClick

    interClick (ICLK) is an audience intelligence and targeting company, developing and executing data-driven campaign strategies for digital agencies and marketers. This stock is trading up 21% at $8.95 in recent trading after hitting a 52-week high of $8.99 earlier in the day.

    Today’s Range: $8.90-$8.99

    52-Week Range: $4.51-$8.99

    Volume: 20 million

    Three-Month Average Volume: 204,617

    interClick has a market cap of $221.43 million and an enterprise value of $176.18 million. The stock trades at a trailing price-to-earnings of 50.59 and a forward price-to-earnings of 25.59. Their estimated growth rate for this year is 62.5%, and for next year it’s pegged at 34.6%. The current short interest as a percentage of the float for CLICK is 6.9%.

    Yahoo! (YHOO) announced today that it will pay $270 million, or $9 a share, for interClick as it tries to revive its ailing online advertising business. What investors can learn from this deal is that interClick was already trending strong before the deal with the stock trading very close to its previous 52-week high.

    Lions Gate Entertainment

    Lions Gate Entertainment (LGF) is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms. This stock is trading flat at $8.19 in recent trading after hitting a 52-week high of $8.28 earlier in the day.

    Today’s Range: $7.99-$8.28

    52-Week Range: $5.47-$8.28

    Volume: 297,800

    Three-Month Average Volume: 645,809

    Lions Gate Entertainment has a market cap of $1.12 billion and an enterprise value of $1.78 billion. The stock trades at a trailing price-to-earnings of 49.7 and a forward price-to-earnings of 24. Its estimated growth rate for this year is 126.8%, and for next year it’s pegged at 209.10%. The current short interest as a percentage of the float for LGF is low at just 2.8%.

    From a technical standpoint, this stock recently triggered a big breakout after it traded above some past overhead resistance at around $7.58 to $7.84 a share. This stock could easily be setting up to trend significantly higher now that those past resistance levels have been taken out. The next significant resistance on the stock won’t come into play until around $10.50 and the all-time high is around $12 a share.

    Lions Gate is one of Carl Icahn's top holdings.

    American Tower

    American Tower (AMT) is a wireless and broadcast communications infrastructure company that owns, operates and develops communications sites. Its primary business includes leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies. This stock is trading up 4% to $57.35 in recent trading after hitting a 52-week high of $57.78 earlier in the day.

    Today’s Range: $53.02-$57.78

    52-Week Range: $38.09-$57.78

    Volume: 3.72 million

    Three-Month Average Volume: 3.68 million

    American Tower has a market cap of $22.77 billion and an enterprise value of $27.19 billion. The stock trades at a trailing price-to-earnings of 59.89 and a forward price-to-earnings of 42.9. Its estimated growth rate for this year is 12.1%, and for next year it’s pegged at 31.4%. The current short interest as a percentage of the float for AMT is rather low at 1.8%

    This stock is ripping higher today and hitting new highs after the company raised its financial outlook for the year by $20 million.

    From a technical standpoint, this stock is now breaking out above some past overhead resistance at $56.22 to $56.84 a share on strong volume. The stock is also now trading in all-time high territory, which means that pretty much everyone who has bought shares is making money. If this stock can sustain this move and close above those previous resistance levels, then it should continue to trend higher.

    That said, if it reverses in the near-term and trades back below those breakout prices, then it could be failed breakout.

    American Tower, one of TheStreet Ratings' top-rated wireless stocks, shows up on a list of 5 Telecom Stocks With Upside.

    -- 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.