Another earnings short-squeeze prospect is owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities International Speedway ( ISCA), which is set to release numbers on Wednesday before the market open. Wall Street analysts, on average, expect International Speedway to report revenue of $182.30 million on earnings of 50 cents per share. The current short interest as a percentage of the float for International Speedway stands at 5%. That means that out of the 35.51 million shares in the tradable float, 1.28 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 2.2%, or by about 26,000 shares. If the bears are caught pressing their bets into a solid quarter, then shares of ISCA could easily trend sharply higher post-earnings. >>4 Red-Flag Stocks to Sell This Summer From a technical perspective, ISCA is currently trending above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock has been downtrending for the last months, with shares moving lower from its high of $35.53 to its recent low of $31.01 a share. During that downtrend, shares of ISCA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of ISCA have started to bounce off that $31.01 low and are now moving within range of triggering a near-term breakout trade. If you're bullish on ISCA, then I would wait until after its report and look for long-biased trades if this stock manages to break out above its 50-day moving average at $33.48 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 116,411 shares. If that breakout triggers, then ISCA will set up to re-test or possibly take out its next major overhead resistance levels at $35 to its 52-week high at $35.75 a share. Any high-volume move above $35.75 could then send shares of ISCA north of $40 a share. I would avoid ISCA or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below some key near-term support at $31.01 a share and then below its 200-day at $29.62 a share with high volume. If we get that move, then ISCA will set up to re-test or possibly take out its next major support levels at $27 to $26 a share.