Possible Short Squeeze On Liz Clairborne

Liz Clairborne just reported their earnings, 1st quarter loss narrowed and they beat on revenues. More importantly the stock is reacting well to the report, currently up 6.47% and breaking out.  The stock is heavily shorted (23% of the float), the positive reaction to earnings along with the breakout might create a decent short squeeze over the next couple of days.

Here is the daily and weekly chart:


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