It's time to book profits in this surging group of stocks, says Piper Jaffray analyst

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It's time to book profits in this surging group of stocks, says Piper Jaffray technical analyst (via TradingNation)

"I would be booking some short-term profits in here right now on some of these homebuilders, waiting until we see where 10-year bond yields really shake out at," said Johnson., CEO of Chantico Global, still sees opportunity in the group, though she advises stock-picking rather than a blanket buy.

"Affordability really is in favor of homebuilders. But, the big problem for most homebuilders is that the place that is the hottest is going to be the lower end of the market," Sanchez said during the same segment. "You really need to be very picky about which homebuilders you choose to sort of exploit that part of the market."

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