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In this article, I want to go over five stocks that I follow daily which have really been beaten up in the last few months. These are good, solid companies that have taken a major hit on their stock price due to market conditions more than anything else, not fundamentals.

The criteria for choosing these stocks is that I feel a bottom has been reached on them and the stock warrants a closer look.

1.) Apache Corp. (NYSE:APA) - Apache is down approximately 34.7% from its 52-week high of $134.13. The stock currently trades at $88.58 as of Monday's close. The 52-week range is $73.04 - $134.13.

Apache engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded in 1954 and is based in Houston, Texas.

Apache has a market capitalization of $34 billion. Apache has a price-to-earnings ratio (P/E) of 8.90. The current earnings-per-share (EPS) is 9.95. Apace has a beta of 1.28. Apache has a current beta of 2.64, which is a high number.

A blue-chip stock, Apache has fallen hard as of late, along with many other oil and gas companies. Apache was trading as high as $120.42 on August 3, 2011. I don't see too much downside risk at all here. Huge profits can be made even on a slight rebound to $100-$110/share. There is a lot to like here.

Analyst price estimates on the stock range from a high target of $165.00 and a low target of $100.00. The median price target is $142.00. Apache is covered by 23 brokers.

2.) Ford Motor Co, (NYSE:F) - Ford is down approximately 40% from its 52-week high of $18.97. The stock currently trades at $11.32 as of this writing Tuesday afternoon. The 52-week week range is $9.05 - $18.97.

Ford primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, automotive and financial services.

The current price-to-earnings ratio P/E for Ford is 6.48. The earnings-per-share (EPS) is 1.74. Ford has a current market capitalization of $42.58 billion.

I especially like Ford (F) at this price. The downside is limited and the upside can be substantial. While this stock isn't a big intra-day mover, patience could pay off in the next six months. It should slowly creep back to the $17-$18/share level by April 2012.

Analyst price targets range from a high of $24.00 and a low target of $15.00. The median target is $16.00. Ford is covered by 15 brokers.

3.) Akamai Technologies, Inc. (NASDAQ:AKAM) - Akamai is down 57% from its 52-week high of $54.65. The stock is currently trading at $23.36 as of Tuesday afternoon. The 52-week range is $18.25 - $54.65

Akamai Technologies provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally.

The current price-to-earnings ratio for Akamai is 23.20. The EPS is 1.00. Akamai has a beta of 0.34, which is considered low. Akamai (AKAM) has a current market capitalization of $4.3 billion.

Akamai has a little bit more downside risk than either Ford (F) or Apache (APA), but it also could provide a larger return.

Analysts covering the stock have a high target of $55.00 and a low target of $18.00/share. The median price target is $29.50. Akamai (AKAM) is covered by 18 brokers.

A move up to $30.00 by early next year would provide a nice return and that is definitely a possibility.

4.) Travelzoo, Inc (NASDAQ:TZOO) - Travezoo is down 73% from its 52-week high of $103.80 as of Tuesday afternoon.TZOO is currently trading at $27.87. The 52-week price range is $20.68 - $103.80

Travelzoo publishes travel and entertainment deals from travel and entertainment companies in North America and Europe.

Travelzoo's stock took a huge nosedive since July 2011 after its lackluster earnings report. Until that point in July, TZOO was trading in the $90+ range. It has a beta of 1.89, which is above average. Travelzoo has a market capitalization of $458 million. It is also worth noting that TZOO has an extremely high level of short interest, so any short squeeze will send this stock flying.

Analysts price targets range from a high of $64.00 and a low of $32.00. The median target is $48.50. There are only four brokers covering the stock.

If Travelzoo can report positive earnings on its next call, this stock could soar. I prefer to use a strangle options strategy with Travelzoo. This is a good entry point if you can withstand the wild price swings.

5.) United Continental Holdings, Inc. (NYSE:UAL) - United Continental is down 34% from its 52-week high of $29.75 as of Tuesday afternoon. United Continental is currently trading at $19.67. The 52-week price range is $15.92 - $29.75.

United Continental Holdings, Inc. engages in the provision of passenger and cargo air transportation services.

If anything should happen to American Airlines (AMR) in terms of bankruptcy, several other airliners should reap the benefits, especially United Continental. However, UAL is still going for a nice price no matter what happens with AMR.

Analysts have a high price target of $48.00 and a low target of $22.00. the median target is $32.00. This presents itself as a very good opportunity to open a position.

Airline stocks waver a lot in relation to how oil prices are at the current time, but even if oil should skyrocket, I feel UAL will be able to weather it.

These are the five stocks I like at current levels. I should have a follow up to this article with a list of five stocks I feel may drop in the coming months.

Source: 5 Stocks Well Off Their 52-Week Highs Worth Looking At