Another potential earnings short-squeeze trade is Herman Miller ( MLHR), which is set to release its numbers on Wednesday after the market close. This company engages in the research, design, manufacture and distribution of office furniture systems, seating, products and related services worldwide. Wall Street analysts, on average, expect Herman Miller to report revenue of $452.07 million on earnings of 39 cents per share. The current short interest as a percentage of the float for Herman Miller sits at 3.8%. That means that out of the 57.51 million shares in the tradable float, 2.18 million shares are sold short by the bears. This isn't a huge short interest, but it's more than enough to spark a decent short-covering rally post-earnings if Herman Miller can deliver bullish results. From a technical perspective, MLHR is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last two months, with shares spiking higher from $15.96 to its recent high of $21.93 a share. During that uptrend, shares of MLHR have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed MLHR within range of triggering a near-term breakout trade. If you're in the bull camp on MLHR, then I would wait until after they report earnings and look for long-biased trades if this stock can manage to take out some near-term overhead resistance levels at $21.93 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 271,264 shares. If MLHR can trigger that breakout, then this stock will have a great chance of re-testing or possibly taking out its 52-week high of $23.54 a share post-earnings. I would simply avoid MLHR or look for short-biased trades if after earnings this stock fails to trigger that breakout, and then drops below some near-term support at $22.50 a share with high volume. If we get that move, then MLHR will setup to re-test or possibly take out its 200-day at $19.72 and its 50-day at $19.08 a share post-earnings.