Another potential earnings short-squeeze opportunity in the oil well services and equipment complex is Flotek Industries ( FTK), which is set to report results on Thursday before the market open. This company develops and supplies drilling and production related products and services to the energy and mining industries in the U.S. and internationally. Wall Street analysts, on average, expect Flotek Industries to report revenue of $74.29 million on earnings of 18 cents per share. This company has topped Wall Street estimates the last two quarters and is coming off a quarter where it beat by 5 cents per share, after reporting net income of 20 cents per share versus Wall Street estimates of 15 cents per share. If Flotek can hit Wall Street revenue estimates for this quarter it will represent a 38% rise from the same period last year. This company will be aiming to achieve its fifth quarter in a row of double-digit revenue growth. Flotek has averaged year-over-year revenue growth of 77.9% over the last four quarters. The current short interest as a percentage of the float for Flotek Industries is rather high at 13.9%. That means that out of the 40.68 million shares in the tradable float, 6.43 million shares are sold short by the bears. >>7 Stocks Soaring in a Weak Market From a technical perspective, FTK is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been in a monster uptrend from the past six months, with shares soaring from a low of $7.97 to a recent high of $14.73 a share. During that uptrend, this stock has mostly made higher lows and higher highs, which is bullish technical price action. Now shares of FTK are trading within range of triggering a major breakout trade post-earnings. If you're bullish on FTK, I would wait until after it releases earnings and target long-biased trades if this stock can manage to break out above its 52-week high of $14.73 a share with high-volume. Look for volume on that move that's close to or well above its three-month average volume of 1,553,880 shares. If we get that action, then FTK should continue its uptrend towards $17 to $20 a share in the near-term. I would simply avoid FTK or look for short-biased trades if after earnings that breakout fails to hit, and then the stock drops back below some near-term support at $11.50 a share with high-volume. If we get that move, then target a drop towards $10 or its 200-day moving average of $9.48 a share if the bears hammer this down post-earnings.