Let's take a look at five stocks that could experience big short squeezes following any bullish earnings reports they release soon.

Remember, short-sellers can't stand being caught short a stock that releases a bullish earnings report. When this happens, we often see a tradable short squeeze develop as the bears rush to cover some of their positions. Even the best short-sellers know, it's never a great idea to get caught short once a bullish earnings report sparks a short-covering rally.

This is why I scan the market every week for heavily shorted stocks that are about to release earnings. You only need to find a few of these plays every week to help rack up supercharged returns.

With that in mind, here are five:

Under Armour

My first earnings short-squeeze play is branded performance-apparel player Under Armour (UA - Get Report) , which is set to release numbers on Thursday before market open. Wall Street analysts, on average, expect Under Armour to report revenue of $1.11 billion on a loss of 4 cents per share.

The current short interest as a percentage of the float for Under Armour sits at 3.7%. That means that out of the 371.38 million shares in the tradable float, 13.77 million shares are sold short by the bears.

I would wait until after Under Armour reports, and then look for long-biased trades if this stock manages to break out above both some near-term resistance levels at $19 to $19.38 and then over $20.23 with volume that hits near or above 5.14 million shares. If that breakout hits post-earnings, this stock will set up to refill some of its previous gap-down-day zone from January that started near $26 a share.

GoPro

Another potential earnings short-squeeze trading opportunity is wearable camera player GoPro (GPRO - Get Report) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect GoPro to report revenue of $207.89 million on a loss of 44 cents per share.

The current short interest as a percentage of the float for GoPro is extremely high at 30.1%. That means out of the 102.27 million shares in the tradable float, 30.82 million shares are sold short by the bears.

I would wait until after GoPro reports, then look for long-biased trades if this stock manages to break out above some near-term resistance levels at $9.31 to $9.75 with volume that hits near or above 3.71 million shares. If that breakout develops post-earnings, this stock will set up to refill some of its recent gap-down-day zone from February that started at $11.10 a share.

Boston Beer

Another potential earnings short-squeeze candidate is consumer goods player Boston Beer (SAM - Get Report) , which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Boston Beer to report revenue of $169.50 million on earnings of 21 cents per share.

The current short interest as a percentage of the float for Boston Beer is extremely high at 24.6%. That means out of the 8.22 million shares in the tradable float, 2.02 million shares are sold short by the bears.

I would wait until after Boston Beer reports, and then look for long-biased trades if this stock manages to break out above its 50-day at $150.22 to more resistance at $151.30 with volume that hits near or above 172,459 shares. If that breakout triggers post-earnings, this stock will set up to retest or possibly take out its next major resistance levels at $160 to its 200-day at $163.56, or even $170 a share.

Tivity Health

Another earnings short-squeeze prospect is fitness and health-improvement programs player Tivity Health (TVTY - Get Report) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Tivity Health to report revenue of $136.29 million on earnings of 34 cents per share.

The current short interest as a percentage of the float for Tivity Health is pretty high at 13.4%. That means that out of 33.31 million shares in the tradable float, 4.48 million shares are sold short by the bear.

I would wait until after Tivity Health reports, and then look for long-biased trades if this stock manages to break out above some key resistance levels at $29.50 to its 52-week high of $30.55 with volume that hits near or above 407,717 shares. If that breakout materializes post-earnings, this stock will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets are $35 to $40 a share.

Synaptics

My final earnings short-squeeze play is technology player Synaptics (SYNA - Get Report) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Synaptics to report revenue of $430.14 million on earnings of $1.20 a share.

The current short interest as a percentage of the float for Synaptics is very high at 16.7%. That means that out of the 35.07 million shares in the tradable float, 5.86 million shares are sold short by the bears.

I would wait until after Synaptics reports, and then look for long-biased trades if this stock manages to break out above some near-term resistance levels at $53.11 to its 200-day at $55.25 with volume that hits near or above 692,109 shares. If that breakout hits post-earnings, this stock will set up to retest or possibly take out its next major overhead resistance levels at $60 to $62 a share.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.