FedEx: trade up 7% with breakeven stop, but the signal is fading

FedEx is in week 8 of a buy signal opened in the 316 area, with the trade up 7% and the stop moved to breakeven: position risk is zeroed. 2 of the 3 statistical model targets have already been hit. Signal strength has dropped to 38 out of 100 and the stock is operating at all-time highs — little room to run before the next resistance. The third window arrives at week 10.