The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Reckon (RKN.AX)
Stock Exchange: ASX
Ticker Codes: | RKN.AX | ASX:RKN |
Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal. The Legal Practice Management Group segment develops and distributes software solutions to legal firms and corporations for revenue management, expense management, print solutions, business process automation, business intelligence, document service automation, and scan and document management solutions under the Reckon nQueue and Reckon Billback brands. The Accountant Practice Management Group segment engages in development, sales, and support of practice management, and compliance and efficiency tools for professional accounting firms under the Reckon APS and Reckon Elite brands. This segment also supplies corporate services, such as company registration and company secretarial tools; and supplies relevant content under the Reckon Docs brand. The company was founded in 1987 and is headquartered in North Sydney, Australia.
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