One earnings short-squeeze candidate in the food processing space is Green Mountain Coffee Roasters ( GMCR), which is set to release numbers on Wednesday after the market close. This company is engaged in the specialty coffee and coffee maker businesses. Wall Street analysts, on average, expect Green Mountain Coffee Roasters to report revenue of $971.72 million on earnings of 64 cents per share. This company beat Wall Street estimates last quarter, after missing projections in the prior quarter. During the first quarter, Green Mountain Coffee Roasters reported net income of 60 cents per share against a mean estimate of a profit of 36 cents per share. Revenue is trending strong heading into this quarter, since Green Mountain Coffee Roasters has averaged year-over-year revenue growth of more than twofold over the last four consecutive quarters. The current short interest as a percentage of the float for Green Mountain Coffee Roasters is very high at 23%. That means that out of the 129.52 million shares in the tradable float, 28.02 million are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 9.9%, or by about 2.51 million shares. From a technical perspective, GMCR is currently trading below both its 50-day and 200-day moving averages, which is bearish. This stock formed a triple top back in February at around $69 to $71 a share, and subsequently plunged to a recent low of $41.02 a share. After tagging that low, GMCR has found some renewed buying interest and recently triggered a near-term breakout above $45.85 a share. If you're in the bull camp for GMCR, I would look for long-biased trades after it reports earnings if this stock manages to break out above some overhead resistance at $50 to its 50-day moving average of $53.02 a share with high-volume. Look for volume on that move that registers near or well above its three-month average action of 5,678,490 shares. If we get that action, then it's possible for GMCR to get into its gap-down zone from back in March that started at over $62.50 a share. I would simply avoid GMCR or look for short-biased trades if the stock fails to trigger that breakout, and then drops back below some near-term support at $42.80 to $41.02 a share with heavy volume. If we get that action, target a big move lower in GMCR that could push this stock down towards its 2011 low of $34.06 a share. GMCR shows up on a list of 4 Battleground Stocks Fought Over by the Biggest Investors in the most recently reported quarter.