New way to detect cancer early sends stock up

ITUS has renewed its research agreement to continue developing CCheck, a blood test that could detect cancer early. See this link for details https://www.streetinsider.com/Corporate+News/ITUS+Corporation+(ITUS)+Offers+Update+on+Cancer+Detection+Technology+and+New+CAR-T+Initiative/13316392.html

It's chart looks like its in a healthy correction(falling triangle) from its 600% move on Sept. 18. I'm long, with a stop at 2.10. My position size is small and my risk profile is always at 1%. I will adjust my position size as my stop moves up.