An earnings short-squeeze play in the education complex is Corinthian Colleges ( COCO), which is set to release numbers on Wednesday before the market close. This company is a post-secondary education company in operating the U.S. and Canada. Wall Street analysts, on average, expect Corinthian Colleges to report revenue of $415.27 million on earnings of 1 cent per share. This company failed to beat Wall Street estimates last quarter after topping estimates in the prior quarter. In the first quarter, Corinthian report a net loss of 4 cents per share vs. Wall Street estimates of 2 cents. Two quarters prior, it beat estimates by 2 cents after reporting a profit of 24 cents. Revenue has trended lower for the past three quarters. The company's loss in the last quarter followed profits in the previous two quarters. The current short interest as a percentage of the float for Corinthian Colleges is extremely high at 32.4%. That means that out of the 76.93 million shares in the tradable float, 24.95 million are sold short by the bears. The bears have also been increasing their short positions from the last reporting period by 9.1%, or by about 2.08 million shares. From a technical standpoint, COCO is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock formed a near-term bottom at around $2.06 to $2.10 a share, and since then it has trended higher towards its current price of just over $3.10. This stock is now within range of trigging a big breakout as we move closer to their earnings report. If you're bullish on COCO, I would buy some shares after it reports earnings if the stock can manage to break out above $3.20 a share with strong volume. Look for volume that registers near or above its three-month average action of 2.4 million shares. If $3.20 gets taken out before their earnings report, then I would buy the breakout above the daily from Wednesday's trading session. A high-volume move on COCO above $3.20 a share should be considered very bullish since the stock has little overhead resistance until $4.90 a share after that price point. I would avoid COCO for an earnings short-squeeze trade if COCO fails to break out post-earnings and if the stock drops below some near-term support at $2.80 with volume.