I would avoid PBY or look for short-biased trades if after earnings it fails to trigger that breakout, and then drops back below some key near-term support levels at $11.24 to $10.94 a share with high volume. If we get that move, then PBY will set up to re-test or possibly take out some key near-term support at $10.21 a share to its 52-week low at $9.17 a share.
To see more potential earnings short squeeze plays, check out the Earnings Short Squeeze Plays portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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