$RHP - Rhipe - Good defensive stock at value price

Need to wait for confirmation of direction but has been a good performer that looks oversold and might be about to rally.

rhipe Limited (rhipe), formerly FRR Corporation Limited, is engaged in the wholesale of subscription software licenses to various technology service provider resellers. In addition, the Company provides value added consulting and support to assist service provider resellers transition their own clients to cloud and subscription centric business environments. It provides cloud licensing and solutions for its software vendors across the Asia Pacific region. Its divisions are focused on cloud licensing (private, public and hybrid), cloud solutions (consulting services), and cloud operations (billing, provisioning, support, marketing). It offers Microsoft Indirect Cloud Solutions Program (CSP) program for Australia. Its program allows the Company to wholesale Microsoft's public cloud offerings, such as Office365, Azure and Enterprise Mobility Suite (EMS) to rhipe's reseller channel on a monthly subscription pay-as-you-use basis.

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Bought back in again this morning now it has broken resistance at 1.50

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Nice little 10%+ pop on earnings.

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Its had a great run. Up around 100% since our first post. I got stopped out of it at the start of May and it's had a couple of runs at that resistance area at $2.50 since and looks like its going to have another go. One to watch.