Risky, but that is the right area if you think it is going to get to around $40 again, my bid did not catch yet. In edit, just doubled on TEVA here at $31.75.
On reconsideration, took my bid just above $36 off on NVEC, I have a gut feeling that support will yield, nothing concrete, but just shifting of the speculative juices elsewhere, we both know NVEC is not "worth" $36...