This week, Benzinga asked his followers on Twitter what they were trading and chose a ticker from the responses for technical analysis.

@BenRabizadeh acts Microsoft Corporation MSFTwhich rose about 1.5% on Wednesday, defying the broader market to see it S&P500 negative by about 0.3%. Seven analysts have rated the stock, six of whom have raised their price target:

• DA Davidson analyst Gil Luria maintained a buy rating on Microsoft and raised the price target to $325.00 from $280.00
• JP Morgan analyst Mark Murphy maintained his overweight stance and raised the price target to $305 from $265
• Mizuho analyst Gregg Moskowitz maintained a buy rating and raised the price target to $300.00 from $280.00
• Jefferies analyst Brent Thill maintained his buy rating and raised the price target to $310.00 from $275.00
• Oppenheimer analyst Timothy Horan maintained an Outperform rating and raised the price target to $280.00 from $265.00
• Piper Sandler analyst Brent Bracelin maintains his overweight position and raises the price target to $290.00 from $247.00.
• Wedbush analyst Daniel Ives, the only company not to raise Microsoft’s target price, reiterated an outperform rating while maintaining its price target of $280.00.

See also: How Apple could be a big beneficiary of the AI ​​battle between Microsoft and Google

From a technical analysis standpoint, Microsoft looks set to temporarily pull back before continuing higher as the stock broke from a bullish flag pattern on Tuesday but entered overbought territory on Wednesday.

Would you like a direct analysis? Find me in the BZ Pro Lounge! Click here for a free trial.

The Microsoft chart: Microsoft formed a bullish flag pattern between January 25th and Monday, with the pole forming in the first seven trading days of this timeframe and the flag forming in the two trading days that followed. The measured movement of the flag’s break is around 15%, which suggests that Microsoft could rise towards $293.

• The downward sloping…