Watch These Starbucks Price Levels After Stock Surges on CEO Shakeup

Key TakeawaysStarbucks shares will likely remain on watchlists Wednesday after surging 25% yesterday on news it had appointed Chipotle Mexican Grill CEO Brian Niccol as its new chief executive, replacing Laxman Narasimhan, who had served in the role for just 17 months.The company's share price has confirmed a double bottom, a chart pattern that signals a reversal from a prior down move to a new uptrend. Starbucks shares may find support around $90 and $83, but encounter resistance near $98 and $107.50. Star ...