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

When a stock is hitting new 52-week highs, that 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.

    Analysts International (ANLY) is an information technology services company. Analysts International provides a range of services designed to help businesses and government agencies. This stock is trading up 4% to $5.16 in recent trading, after it hit a 52-week high of $5.27 earlier today.

    Today’s Range: $5.00-$5.27

    52-week Range: $2.07-$5.27

    Volume: 38,000

    Three-Month Average Volume: 14,188

    Analysts International has a market cap of $26.24 million and an enterprise value of $19.10 million. The stock trades at a trailing price-to-earnings of 8.86. The current short interest as a percentage of the float for this stock is very low at 0.1%.

    >>Top-Rated IT Services Stocks

    From a technical standpoint, this stock is triggering a big breakout today now that shares have started to move above some past overhead resistance at $4.85 to $5 on heavy volume.

    Market players should watch for a sustained move and close above $5 and then $5.26 to trigger a potential move higher for this stock. The only problem is that this equity is thinly traded, with only 38,000 shares traded so far today. I prefer to trade stocks that at least register 100,000 shares on an average trading day.

    That said, a move over $5.26 should mean this stock wants to trend higher in the near future.

    Silicon Motion Technology (SIMO) is a fabless semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market. It has three major product lines: mobile storage business, multimedia systems-on-a-chip business and mobile communications business. This stock is trading up 2.4% to $20.03 in recent trading after hitting a 52-week high of $20.49 earlier in the day.

    Today’s Range: $19.80-$20.49

    52-week Range: $3.97-$20.49

    Volume: 521,000

    Three-Month Average Volume: 681,852

    Silicon Motion Technology has a market cap of $631.5 million and an enterprise value of $535.1 million. The stock trades at a trailing price-to-earnings of 27.76 and a forward price-to-earnings of 14.57. Its estimated growth rate for this year is 181%, and for next year it’s pegged at 18.6%.

    >>Top-Rated Semiconductor Stocks

    This stock is seeing some interesting activity today after Lazard Capital raised its price target to $22 from $1 and said shares remain at a buy rating.

    From a technical standpoint, this stock recently triggered a breakout trade once it cleared some past overhead resistance at $19.65. The high of the day today so far is $20.49, and shares are currently trading at $19.50.

    I would avoid this stock from the long side if it fails to sustain a move and close over $19.65. If we take out $20.49 and $21 with high volume, then this could set up to move back toward its next significant resistance level at $25. If it fails to maintain those breakout levels, then this stock could come under profit-taking since its run so much this year.

    Micronetics (NOIZ) manufactures microwave and radio frequency components and integrated multi-function subassemblies used in a variety of commercial wireless, defense and aerospace products, including satellite communications, electronic warfare and electronic counter-measures. This stock is trading up 5% at $7.76 in recent trading after hitting a 52-week high of $8.38 earlier in the day.

    Today’s Range: $7.43-$8.38

    52-week Range: $3.75-$8.38

    Volume: 9,340

    Three-Month Average Volume: 11,402

    Micronetics has a market cap of $35.84 million and an enterprise value of $40.96 million. The stock trades at a trailing price-to-earnings of 16.35. The current short interest as a percentage of the float for Micronetics is very low at just 0.2%.

    >>7 Stocks Under $10 Moving Higher

    From a technical standpoint, this stock triggered a big breakout today once shares cleared some past overhead resistance at $7.40 to $7.42 a share. Once that breakout hit, the stock quickly moved up to a daily high of $8.38 before pulling back to its current price of $7.76.

    This is a very thinly traded stock with a three-month average volume of only 11,402. Something that trades this thin is not a stock I would play with. That said, if the stock can close over $7.42, then it should setup for higher prices. The next significant overhead resistance level for this stock won’t come into play until $10 a share.

    Cobra Electronics (COBR) is a designer and marketer of two-way mobile communications and mobile navigation products in the U.S., Canada and Europe. This stock is trading up 1% at $5.10 in recent trading after hitting a 52-week high of $5.32 earlier in the day.

    Today’s Range: $4.99-$5.32

    52-week Range: $2.37-$5.32

    Volume: 24,000

    Three-Month Average Volume: 11,102

    Cobra Electronics has a market cap of $32.66 million and an enterprise value of $51.91 million. The stock trades at a trailing price-to-earnings of 9.28 and a forward price-to-earnings of 16.65. Its estimated growth rate for next year is pegged at 25%. The current short interest as a percentage of the float for Cobra is very low at just 0.1%.

    >>5 Tech Stocks That Could Surge

    This stock started to hit new highs today after news broke that the company’s hottest new products for gadget enthusiasts will be featured in the Wired Store in New York City for the 2011 holiday season.

    From a technical standpoint, this stock recently triggered a big breakout after shares cleared some past overhead resistance at $4.40. The only problem here is that this stock is so thinly traded. That makes it a very risk play since just establishing a position is going to spike the volume noticeably.

    That said, the recent breakout is bullish if this stock can stay above $4.40. The next significantly resistance level for COBR won’t come into play until the stock nears $6 a share.

    HealthStream (HSTM) provides Internet-based learning and research solutions to meet the training, information and education needs of the healthcare industry. This stock is trading up 3% at $16.65 in recent trading after hitting a 52-week high of $16.96 earlier in the day.

    Today’s Range: $16.20-$16.96

    52-week Range: $5.75-$16.96

    Volume: 101,000

    Three-Month Average Volume: 117,531

    HealthStream has a market cap of $372 million and an enterprise value of $328 million. The stock trades at a trailing price-to-earnings of 62.07 and a forward price-to-earnings of 50.79. Its estimated growth rate for this year is 55.6%, and for next year it’s pegged at 17.9%. The current short interest as a percentage of the float for HealthStream sits at 5.3%.

    From a technical standpoint, this stock is quickly approaching a major breakout if it can manage to move above $16.81 with high volume. A sustained move and close over $16.81 on heavy volume should trigger much higher prices for HSTM in the coming days or weeks.

    >>Stocks Rising on Unusual Volume

    Traders should look for a move over $16.81 on volume that’s near or well above its three-month average action of 117,531 shares.

    Kodiak Oil & Gas (KOG) engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the U.S. This stock is trading up 1% at $8.19 in recent trading after hitting a 52-week high of $8.49 earlier in the day.

    Today’s Range: $8.11-$8.49

    52-week Range: $2.43-$8.49

    Volume: 5,361,000

    Three-Month Average Volume: 4,217,040

    Kodiak Oil & Gas has a market cap of $1.71 billion. The stock trades at a trailing price-to-earnings of 45.25 and a forward price-to-earnings of 10.92. Its estimated growth rate for this year is 700%, and for next year it’s pegged at 212.5%. The current short interest as a percentage of the float for Kodiak is rather high at 9.2%.

    >>Top-Rated Oil & Gas Stocks

    From a technical standpoint, this stock recently broke out above some past overhead resistance at $7.30 to $.7.70 on monster volume. Market players should now look to play the next breakout that will trigger over $8.50 a share on high volume.

    Volume today is already tracking in very strong with over 5.36 million shares traded, which is well above the three-month average of 4.21 million. If this stock can get above $8.50, then look for much higher prices in the near future.

    For more ideas, check out the 52-Week Highs Portfolio.

    -- 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.