Stock Quotes in this Article: BMY, CAMP, CHRS, DUK, FIRE, MO

 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.

>>5 Stocks Under $10 Set to Soar

That’s why it’s important to combine a number of technical indicators with fundamental trends, discipline and sound money management and you will be well on your way to investment success.

With that in mind, let's take a closer look at several stocks that hit new 52-week highs today.

Charming Shoppes

Charming Shoppes (CHRS) is a multi-brand, specialty apparel retailer with a market share in women’s plus-size specialty apparel. This stock is trading up 3.45% to $4.80 in recent trading, after it hit a 52-week high of $5 earlier today.

Today’s Range: $4.70-$5.00

52-Week Range: $2.29-$5.00

Volume: 3.4 million

Three-Month Average Volume: 2.6 million

Charming Shoppes has a market cap of $551.20 million and an enterprise value of $526 million. This stock trades at a forward price-to-earnings of 21.50. Its estimated growth rate for this year is 121.9%, and for next year it’s pegged at 214.3%. The current short interest as a percentage of the float for Charming Shoppes is very high at is 17.3%.

From a technical standpoint, CHRS is very close to triggering a major breakout if the stock can manage to sustain a high-volume move and close above some near-term overhead resistance at $4.91. At last check, the volume is very strong and is already trending above CHRS’s average action.

Traders should now look for the stock to close above $4.91 and near the daily high of $5.00. If we get that action either today, or in the near future, then look for CHRS to trade back towards $6 to $7.

Altria Group

Altria Group (MO), through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the U.S. and internationally. This stock is trading down 0.24% to $29.04 in recent trading after hitting a 52-week high of $29.47 earlier in the day.

Today’s Range: $29.00-$29.47

52-Week Range: $23.20-$29.25

Volume: 9.3 million

Three-Month Average Volume: 14.4 million

Altria Group has a market cap of $59.58 billion and an enterprise value of $70.44 billion. This stock trades at a trailing price-to-earnings of 17.36 and a forward price-to-earnings of 13.25. Its estimated growth rate for this year is 7.4% and for next year it’s pegged at 7.4%. The current short interest as a percentage of the float for Altria Group is very low at 1.2%.

From a technical standpoint, MO recently triggered a major breakout once it broke out above some past overhead resistance at $28.14 on monster volume. As long as MO can continue to trend above $28.14 and the upside volume remains solid, then traders should look to play this stock with a bullish bias off any weakness.

Altria shows up on recent lists of Merrill Lynchs 10 Favorite Stocks for 2012 and 20 Winning Stocks Set to Post New Highs in 2012.

CalAmp

CalAmp (CAMP) develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. This stock is trading down 1.49% at $4.62 in recent trading after hitting a 52-week high of $4.80 earlier in the day.

Today’s Range: $4.55-$4.80

52-Week Range: $2.60-$4.80

Volume: 74,800

Three-Month Average Volume: 103,070

CalAmp has a market cap of $123.10 million and an enterprise value of $129.53 million. The stock trades at a trailing price-to-earnings of 57.50. It also trades at a price-to-sales of 0.99 and a price-to-book of 6.16. The current short interest as a percentage of the float for CalAmp is extremely low at 0.7%.

From a technical standpoint, CAMP trigged a breakout trade yesterday after the stock cleared some past overhead resistance at $4.73 on decent volume. That said, the stock is struggling to stay above that level today.

Market players should now prepare for a pullback in the short-term if CAMP can’t close above $4.73 and $4.80 on high-volume. That pullback would remain a buying opportunity if the stock manages to stay above its 50-day moving average of $3.91.

Duke Energy

Duke Energy (DUK) is an energy company primarily located in the Americas. Duke Energy operates in the U.S. primarily through its direct and indirect wholly-owned subsidiaries. This stock is trading up 0.02% at $21.05 in recent trading after hitting a 52-week high of $21.22 earlier in the day.

Today’s Range: $20.93-$21.22

52-Week Range: $16.87-$21.22

Volume: 8.4 million

Three-Month Average Volume: 14.3 million

Duke Energy has a market cap of $27.96 billion and an enterprise value of $45.97 billion. The stock trades at a trailing price-to-earnings of 15.18 and a forward price-to-earnings of 14.67. Its estimated growth rate for this year is -0.70%, and for next year it’s pegged at 0.70%. The current short interest as a percentage of the float for Duke Energy sits at 3.9%

From a technical standpoint, DUK has started to trigger a breakout trade now that the stock is moving above some past overhead resistance at $20.77 on low volume. I am saying “low volume” because it’s well below its average action of 14.3 million shares, as of last check.

Market players should watch for DUK to continue to trend higher as long as the stock closes above $20.77 and the volume gets at least near 14.3 million at the close.

Duke, one of TheStreet Ratings' top-rated electric utility stocks, shows up on a recent list of 15 High-Yield Momentum Stocks.

Bristol Myers Squibb

Bristol Myers Squibb (BMY) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of pharmaceutical products on a global basis. This stock is trading down 0.09% at $34.24 in recent trading after hitting a 52-week high of $34.50 earlier in the day.

Today’s Range: $34.21-$34.50

52-Week Range: $24.97-$34.50

Volume: 9.8 million

Three-Month Average Volume: 13.3 million

Bristol Myers Squibb has a market cap of $58.06 billion and an enterprise value of $55.50 billion. The stock trades at a trailing price-to-earnings of 17.67. The stock also trades at a price-to-sales of 2.78 and a price-to-book of 3.50. The current short interest as a percentage of the float for Bristol Myers Squibb is 1.7%.

From a technical standpoint, BMY recently triggered a breakout trade after the stock cleared some past overhead resistance at $33.20 to $33.27 on decent volume. Market players should now stay with a long bias trading plan for BMY as long as the stock doesn’t move back below those key breakout levels.

Bristol-Myers was featured recently in “7 Dividend Stocks Shoveling Cash to Shareholders.”

Sourcefire

Sourcefire (FIRE) is a provider of cybersecurity solutions for information technology, environments of commercial enterprises, including healthcare, financial services, manufacturing, energy, education, retail and telecommunications companies, and federal, state and local government organizations worldwide. This stock is trading up 4.3% at $35.27 in recent trading after hitting a 52-week high of $35.90 earlier in the day.

Today’s Range: $34.00-$35.90

52-Week Range: $22.60-$35.90

Volume: 767,000

Three-Month Average Volume: 452,767

Sourcefire has a market cap of $1.01 billion and an enterprise value of $840 million. This stock trades at a trailing price-to-earnings of 160.68. This stock also trades at a price-to-sales of 6.45 and a price-to-book of 5.30. The current short interest as a percentage of the float for Sourcefire is extremely high at 22.3%.

From a technical standpoint, FIRE is very close to triggering a major breakout if the stock can manage to sustain a high-volume move and close above $34.74 to $35.27. At last check, the stock has already registered above average volume, so look for a close either today or next week above those levels, and also above today’s high of $35.90.

If we see that action soon, then look for a big short-squeeze to develop since this name is so heavily shorted.

To see more stocks hitting new 52-week highs today, check out the Stocks Hitting New 52-Week Highs portfolio on Stockpickr.

-- 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.