My final earnings short-squeeze trade idea is alcoholic beverages producer Constellation Brands ( STZ), which is set to release numbers on Friday before the market open. Wall Street analysts, on average, expect Constellation Brands to report revenue of $710.09 million on earnings of 54 cents per share. This stock has been uptrending extremely strong so far in 2012, with shares up a whopping 60%. This bullish price action has pushed shares of Constellation Brands within one point of its 52-week high of $34.20 ahead of its report. The current short interest as a percentage of the float for Constellation Brands sits at 1.9%. That means that out of the 147.45 million shares in the tradable float, 2.82 million shares are sold short by the bears. From a technical perspective, STZ is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways for the past month and change, between $32 and $34.20 a share. If we get a move topside of that trading pattern post-earnings, then we will likely see the next major trend for STZ develop. If you're in the bull camp on STZ, then I would wait until after its earnings report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $34.16 to $34.20 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 2.8 million shares. If we get that breakout, then look for STZ to possibly hit $40 a share or higher post-earnings. I would simply avoid STZ or look for short-biased trades if after earnings it fails to trigger that breakout, and then moves back below some near-term support $32 to $31.61 a share with high volume. If we get that move, then STZ will setup to re-test or possibly take out its next significant support levels at $29 to $28 a share. To see more potential earnings short squeeze plays, check out the Earnings Short Squeeze Plays portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.