If you're in the bull camp on SZYM, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance at $8.18 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 346,990 shares. If we get that move, then look for SZYM to possibly bounce back towards its 50-day moving average of $10.26 a share, or possibly even its 200-day moving average of $11.91 a share.

I would simply avoid SZYM or look for short-biased trades if after earnings it fails to trigger that breakout, and then moves back below some major near-term support at $7.29 a share with high volume. If we get that move, then SZYM will enter all-time low territory, which is bearish technical price action.

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.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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