Watch These Starbucks Stock Price Levels as Activist Reportedly Takes Stake

Key TakeawaysStarbucks shares jumped nearly 7% on Friday following a report that activist investor Elliott Investment Management has taken a sizable stake in the global coffee chain and discussed ways to improve its lagging stock price.The price has carved out two distinct lows on above-average volume, potentially marking a double bottom, a classic chart pattern that forms after a significant decline and indicates an upside trend reversal.Starbucks shares may encounter overhead resistance at key chart level ...