Accountancy software developer Reckon ((RKN)) has regained the attention of investors amidst doom and gloom for retail-oriented industrials and sluggish progress for China-leveraged base materials and energy stocks. Shares in Reckon touched price levels above $2.70 in May -triggering an Icarus Signal- and they quickly retreated to $2.20 since. In recent sessions Reckon shares are ostensibly back in favour, hot on the heels of the company announcing it now has launched a cloud-solution for users of its software and cloud, as we all know, is the latest "must have" in technology land.
Reckon’s licencing agreement with Intuit over the Quickbooks and Quicken brands will now end in 2014. Thereafter RKN will take control of Intuit’s IP and all product development will have to be in house.