Investing in stocks near their 52-week highs doesn't fit the classic "buy low, sell high" mantra. However, William O'Neil, the author of How to Make Money in Stocks, argues that this is precisely where investors should begin their search for a new top-tier business to buy.

With the best stocks tending to continue setting new highs year after year, these top performers act as a stocked pond of sorts to go fishing in as we look for our next market-beating investment.

One such company is smart mobility solutions provider Verra Mobility (NASDAQ: VRRM), whose share price has steadily risen from $6 in March 2020 to roughly $30 today.

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Source Fool.com