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If you're a momentum investor looking for new ideas, the following list might offer a good starting point. All of the stocks mentioned below have reached a new 52-week high during recent sessions.

In addition, all of these stocks have seen improving analyst sentiment over the last week, experiencing upward EPS revisions for the current quarter's results.

Analysts seem to think there's more upside to these names--what do you think? Full details below.

Analyst earnings estimates sourced from Yahoo! Finance, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.

The list has been sorted by the change in analyst estimates over the last seven days.

1. MetroPCS Communications, Inc. (PCS): Wireless Communications Industry. Market cap of $5.29B. The stock has had a couple of great days, gaining 20.53% over the last week.

Over the last seven days, 8 analysts have raised EPS estimates. During the last 30 days, 10 analysts also raised estimates while 6 analysts revised estimates down.

Exhibiting strong upside momentum--currently trading 10.56% above its SMA20, 13.21% above its SMA50, and 38.32% above its SMA200.

2. SM Energy Company (SM): Independent Oil & Gas Industry. Market cap of $4.63B. The stock has had a couple of great days, gaining 38.16% over the last week.

Over the last seven days, 6 analysts have raised EPS estimates. During the last 30 days, 6 analysts also raised EPS estimates while 3 analysts revised estimates down.

3. Cleco Corporation (CNL): Electric Utilities Industry. Market cap of $2.0B.

Over the last seven days, 1 analyst raised EPS estimates. During the last 30 days, 1 analyst also raised EPS estimates while no analysts revised estimates down.

The stock has a relatively low correlation to the market (beta = 0.51), which may be appealing to risk averse investors.

4. Coherent Inc. (COHR): Scientific & Technical Instruments Industry. Market cap of $1.58B.

Over the last seven days, 1 analyst raised EPS estimates. During the last 30 days, 3 analysts also raised EPS estimates while no analysts revised estimates down.

5. ConocoPhillips (COP): Major Integrated Oil & Gas Industry. Market cap of $114.34B.

Over the last seven days, 1 analyst raised EPS estimates. During the last 30 days, 5 analysts also raised EPS estimates while 1 analyst revised estimates down.

Exhibiting strong upside momentum--currently trading 7.34% above its SMA20, 13.9% above its SMA50, and 35.41% above its SMA200.

Source: Momentum Ideas: 5 Stocks Reaching New Highs on Upgraded Earnings Estimates