If you're in the bull camp on SAFM, then I would wait until after its report and look for long-biased trades once it breaks out above some near-term overhead resistance at $50.46 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 227,973 shares. If that breakout hits, then SAFM will set up to re-test or possibly take out its next major overhead resistance levels at $54 to $55.40 a share. I would simply avoid SAFM if after its report the stock fails to trigger that breakout, and then drops back below some key near-term support levels at $49 to $48 a share with heavy volume. If we get that move, then SAFM will set up to re-test or possibly take out its 50-day at $46.70 and its 200-day at $47.06 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.