I would avoid HDS or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below its 50-day at $20.99 a share with high volume. If we get that move, then HDS will set up to re-test or possibly take out its next major support levels at $19.55 to $18.99 a share. Any high-volume move below those levels will then give HDS a chance to tag its all-time low of $17.80 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 Delafield, Wis.