Stocks to watch before FOMC (RH,MDCO,SUM)

This morning Wall Street seems hesitant to do much before the FOMC today at 2pm. We wanted to share with you a few charts that I’m watching and may act on later today or later in the week.

Restoration Hardware Holdings, Inc (NYSE: RH) :Great 78 minute squeeze setting up here and RH has 30%+ short float, recent earnings winner as well.

The Medicines Company (NASDAQ:MDCO):  Also a nice 78 minute chart, and just like RH, high short interest nearly 30%.

Summit Materials Inc (NYSE:SUM):  Similar to both names above, a great pattern on the 78 minute chart, and again, yes, high short interest!

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