Stock Quotes in this Article: BWLD, COH, EDGW, LGF, MPWR, MSG, SDRL, PACD

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). 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 (RSI) 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.

Pacific Drilling

Pacific Drilling (PACD) is a Luxembourg-based ultra-deepwater oil drilling company. This stock is trading up 4.8% to a 52-week high of $11.16.

Today’s Range: $10.50-$11.16

52-Week Range: $7.69-$10.79

Volume: 1.85 million

Three-Month Average Volume: 271,069

Pacific Drilling has a market cap of $2.3 billion and an enterprise value of $3 billion. The stock trades at a trailing price-to-earnings of 282.05 and a forward price-to-earnings of 12.94. Its estimated growth rate for next year is pegged at 1,162.50%.

From a technical perspective, PACD recently triggered a breakout trade once it moved above some near-term overhead resistance at $10.56 on heavy volume.

Market players should continue to look for long-biased trades in PACD as long as the stock remains above that breakout level of $10.56. Keep in mind that volume today is extremely strong since 1.4 million shares have traded versus the average volume of 271,069 shares.

SeaDrill

SeaDrill (SDRL) is a Bermuda-based company active in the oil and gas industry. This stock is trading up 1.1% to $39.50 in recent trading after hitting a 52-week high of $39.56 earlier in the day.

Today’s Range: $38.42-$39.56

52-Week Range: $24.68-$39.18

Volume: 1.8 million

Three-Month Average Volume: 2.15 million

SeaDrill has a market cap of $18 billion and an enterprise value of $27 billion. The stock trades at a trailing price-to-earnings of 9.94 and a forward price-to-earnings of 12.34. Its estimated growth rate for this year is -2.1%, and for the next year it’s pegged at 16.4%. The current short interest as a percentage of the float for SeaDrill is rather low at just 2.1%.

From a technical perspective, SDRL recently triggered a big breakout trade once the stock took out some major past overhead resistance at $34.50 to $35.30 on decent volume. This large spike has now pushed SDRL into all-time high territory.

That said, the stock is entering some overbought conditions since its current relative strength index (RSI) reading is now 84.5. Since it’s so overbought here, I would only look for short-term long biased trades, and I would wait for a significant pullback for longer-term bullish trades.

SeaDrill is one of the highest-yielding energy stocks.

Coach

Coach (COH) is a marketer of fine accessories and gifts for women and men. This stock is trading up 0.3% at $74.25 in recent trading after hitting a 52-week high of $74.68 earlier in the day.

Today’s Range: $73.33-$74.68

52-Week Range: $45.70-$74.47

Volume: 1.7 million

Three-Month Average Volume: 2.9 million

Coach has a market cap of $21 billion and an enterprise value of $20.4 billion. The stock trades at a trailing price-to-earnings of 23.24 and a forward price-to-earnings of 18.24. Its estimated growth rate for this year is 19.1%, and for next year it’s pegged at 16.6%. The current short interest as a percentage of the float for Coach is very low at 1.8%.

From a technical perspective, COH recently triggered a major breakout trade once the stock took out some overhead resistance at $66.30 on huge volume. The stock then went on to take out more overhead resistance at $68.68 on decent upside volume. Now shares of COH have run up sharply from those levels with the stock trading at $74.45.

This big move has pushed COH into overbought territory since its relative strength index (RSI) reading is now 80.18. Since it’s so overbought, I would only look for short-term long biased trades, and wait for a decent pullback for longer-term bullish trades.

Coach shows up on recent lists of 5 Consumer Stocks Outpacing S&P 500 Growth and 10 Spending-Spree Stocks Beating the Market.

Buffalo Wild Wings

Buffalo Wild Wings (BWLD) is an owner, operator and franchisor of restaurants featuring a variety of menu items, including its Buffalo -style chicken wings spun in any of its 14 signature sauces or four signature seasonings. This stock is trading up 0.8% at $85.32 in recent trading after hitting a 52-week high of $86.65 earlier in the day.

Today’s Range: $83.26-$86.65

52-Week Range: $50.40-$85.24

Volume: 1 million

Three-Month Average Volume: 603,673

Buffalo Wild Wings has a market cap of $1.5 billion and an enterprise value of $1.4 billion. The stock trades at a trailing price-to-earnings of 33.67 and a forward price-to-earnings of 21.96. Its estimated growth rate for this year is 19.8%, and for next year it’s pegged at 19.6%. The current short interest as a percentage of the float for Buffalo Wild Wings is rather high at 14.7%.

From a technical perspective, BWLD recently gapped up and broke out above some near-term overhead resistance at $70.47 on monster volume. A lot of that huge spike is due to the high short interest, which has helped the stock ram higher into all-time high territory.

It looks like this stock wants to hit $100 soon, but it’s also getting overbought. The current relative strength index (RSI) reading for BWLD is 83.75. Shares of BWLD could consolidate some of the recent gains before it resumes its march towards $100.

Buffalo Wild Wings is one of TheStreet Ratings' top-rated restaurant stocks.

Monolithic Power Systems

Monolithic Power Systems (MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors. This stock is trading up 5.4% at $17.15 in recent trading after hitting a 52-week high of $18.73 earlier in the day.

Today’s Range: $16.42-$18.73

52-Week Range: $9.49-$18.56

Volume: 870,000

Three-Month Average Volume: 223,619

Monolithic Power Systems has a market cap of $588 million and an enterprise value of $387 million. The stock trades at a trailing price-to-earnings of 42.87 and a forward price-to-earnings of 16.94. Its estimated growth rate for this year is 5.6%, and for next year it’s pegged at 37.3%. The current short interest as a percentage of the float for Monolithic Power Systems stands at 4.7%.

From a technical perspective, MPWR has started to flirt with triggering a big breakout trade today now that the stock has moved above some near-term overhead resistance at $17.19 and $17.66. At last check, MPWR hit $18.73 at the daily highs but it’s pulled back to around $17.40. Volume is extremely strong with 870,000 shares traded vs. the average volume of 223,619 shares.

Traders should now watch for a sustained high-volume move and close above $17.19 to $17.66 to signal that this stock wants to trend much higher. If we get that action soon, some upside targets are $19.90 to $21.07, or possibly even higher.

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 up 89.2% at $12.02 in recent trading after hitting a 52-week high of $12.24 earlier in the day.

Today’s Range: $10.80-$12.24

52-Week Range: $5.96-$11.32

Volume: 2.4 million

Three-Month Average Volume: 796,877

Lions Gate Entertainment has a market cap of $1.5 billion and an enterprise value of $2.2 billion. The stock trades at a trailing price-to-earnings of 58.46 and a forward price-to-earnings of 14.65. Its estimated growth rate for this year is 102.4%, and for next year it’s pegged at 8,000.00%. The current short interest as a percentage of the float for Lions Gate Entertainment is notable at 5.9%.

From a technical perspective, LGF has triggered a major breakout trade today now that the stock has moved above some major past overhead resistance at $12 on monster volume. This move in LGF has pushed the stock into all-time high territory, which is very bullish price action. That said, the stock’s current relative strength index (RSI) reading is now 79.64, which indicates it’s overbought. Overbought can stay overbought for awhile, so with LGF now in all-time high territory, I would continue to look for more upside in the near-term.

Lions Gate is one of TheStreet Ratings' top-rated media stocks.

Madison Square Garden

Madison Square Garden (MSG) is a fully-integrated sports, entertainment and media business. This stock is trading up 0.03% at $31.03 in recent trading after hitting a 52-week high of $31.34 earlier in the day.

Today’s Range: $30.85-$31.34

52-Week Range: $21.12-31.11

Volume: 134,000

Three-Month Average Volume: 279,032

Madison Square Garden has a market cap of $2.3 billion and an enterprise value of $2.1 billion. The stock trades at a trailing price-to-earnings of 29.31 and a forward price-to-earnings of 25.02. Its estimated growth rate for next year is pegged at 33%. The current short interest as a percentage of the float for Madison Square Garden is very low at 0.80%.

From a technical perspective, MSG has started to trigger a big breakout trade today now that the stock is starting to move above some past overhead resistance at $30.21 to $30.37 on light volume. This move by MSG has now pushed the stock into all-time high territory, which is bullish price action.

Market players should continue to look for long-biased trades as long as MSG can continue to trend above those breakout levels at $30.21 to $30.37. Some potential targets are $35 to $40 in the near future.

Madison Square Garden is one of TheStreet Ratings' top-rated media stocks.

Edgewater Technology

Edgewater Technology (EDGW) is a consulting firm that provides specialty services in the areas of business advisory, analytics, data management and technology to its client base. This stock is trading up 9.1% at $3.69 in recent trading after hitting a 52-week high of $3.75 earlier in the day.

Today’s Range: $3.40-$3.75

52-Week Range: $1.59-$3.64

Volume: 53,000

Three-Month Average Volume: 30,342

Edgewater Technology has a market cap of $41 million and an enterprise value of $25 million. The stock trades at a trailing price-to-earnings of 22.24 and a forward price-to-earnings of 13.11. Its estimated growth rate for this year is 228.6%, and for next year it’s pegged at 211.1%. The current short interest as a percentage of the float for Edgewater Technology is rather low at 0.10%.

From a technical perspective, EDGW has started to trigger a major breakout trade today now that this stock is flirting with major past overhead resistance at $3.60 to $3.64.

Market players should now watch for a sustained high-volume move and close above those levels to signal that EDGW wants to trend significantly higher. Look for volume that’s near or well above 30,342 shares. If we get that action soon, look for EDGW to re-test its next significant overhead resistance level at around $5 in the near future.

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.