Boeing ended the session at $206.78 Friday, after four straight days of gains

Friday at a glance: Boeing recovered from the previous trading session's losses and went up to $206.78 Friday after it traded lower at $202.94.

Boeing made an initial breakout above its 50 day Simple Moving Average at $206.52, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $205.77 currently serving as resistance. If broken, the next Fib hurdle is expected to be $208.04. Boeing's lower Bollinger Band® is at $200.49, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Boeing could be slowing down soon as it approaches resistance at $208.19. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Boeing might continue pointing upwards in the short term.

This rally in Boeing's share price coincided with other industrials stocks as Caterpillar added 2.09% to its value, and traded at $218.8. United Parcel Service traded at $179.81 after closing Friday's trading day at $177.76 (up 1.15%). Deere & Company traded at $378 after closing Friday's trading day at $371.85 (up 1.66%).

The market is looking forward to the release of new data: United States ISM Manufacturing PMI (Apr) is scheduled for tomorrow at 14:00 UTC.

The stock has been trending positively for about a month. The aircraft and rotorcraft manufacturer has appreciated 43.98% over the past six months.