It's time to take profits in Kraft Heinz, two experts say as stock rallies 13%

It's time to take profits in Kraft Heinz, two experts say as stock rallies 13% $KHC (via TradingNation)

, a meaningful move higher for a stock still down over 25% year to date.

The pop came as welcome relief for shareholders, who have watched the stock lose some 63% in value since the start of 2017. But if you ask Craig Johnson, senior technical research analyst and managing director at Piper Jaffray, that's all this is: a relief rally."We're up over 12% today, but when you look at the chart, all we've done is we've come back up toward our 40-week moving average and an overall declining resistance line.

Michael Binger, president of Gradient Investments, took a similar stance Kraft Heinz, whose brands also include Oscar Mayer and Lunchables. "A lot has happened to Kraft," he said in the same "Trading Nation" interview. "Think about it: [The] stock's gone from 80 to 30, it's had a

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