One of the hardest decisions as an investor is whether to buy a stock that has just had a major run-up. At our core, we all want a good deal. And buying a stock at a higher price today than it was, say, just a few months ago seems counterintuitive. But this mentality leads to missing out on compound gains over time.

There's a major difference between chasing a stock in the hope it will go higher and buying a stock at a higher price because it is still a good value. Illinois Tool Works (NYSE: ITW), Hexcel (NYSE: HXL), and Fluence Energy (NASDAQ: FLNC) fall into the second category. All three stocks have done very well in recent months and still have what it takes to continue delivering strong returns. These three Motley Fool contributors explain why. 

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Source Fool.com