One potential earnings short-squeeze trade is business services player GeoEye ( GEOY), which is set to report results on Tuesday after the market close. This is a commercial provider of earth imagery, and a provider of image-processing services and geospatial information services. Wall Street analysts, on average, expect GeoEye to report revenue of $89.88 million on earnings of 58 cents per share. If you're looking for a beaten-down heavily shorted stock heading into its earnings report, then make sure to take a strong look at shares of GeoEye. This stock has dropped big from its November high of $37.07 to its current price of just under $20 a share. The current short interest as a percentage of the float for GeoEye is notable at 9.5%. That means that out of the 12.47 million shares in the tradable float, 1.64 million are sold short by the bears. This is a decent short interest on a stock with an extremely low tradable float. Any good news out of GeoEye could easily send this stock skyrocketing as the shorts cover some of their positions. >>5 Big Stocks to Trade for Gains From a technical perspective, GEOY is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock recently found some buying interest at $18.63 a share, which is very close to a big previous support zone at $18.04 to $17.98 a share. This could be signaling a near-term bottom where trades are no longer willing to sell shares as we approaching its earnings. If you're bullish on GEOY, I would look for long-biased trades after its earnings report if the stock holds above those key support levels at $18.63 to $17.98 a share. If those levels hold post-earnings, then look for GEOY to easily tag its 50-day moving average of $21.51 a share or much higher. Look for upside volume to track in that's near of well above its three-month average action of 334,356 shares. I would simply avoid GEOY or look for short-biased trades if this stock fails told those key support levels and then breaks below them with volume. If we get that action, I would look for some decent downside since they have acted as support for the last four months. The bottom line: Key off those levels for your earnings trades in GEOY.