Steve, I think your temps are cooler than my area, so you can certainly cut it. I usually wait to do cuttings in Fall when temps are cooler. In my area, they go semi-dormant when our temps soar, so I wait it out. I also notice it tends to bend like that when it has been too dry for awhile, it gets thirsty, so I give it just a tad more water. We don't have rain here from April to Oct so it really gets so bone dry here.
It will form new leaves/rosettes at the tip. Callus the part you have cut before sticking it to your soil.