In trading on Thursday, shares of the Brazil Infrastructure ETF ( BRXX) entered into oversold territory, changing hands as low as $17.73 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.In the case of Brazil Infrastructure, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 54.9. A bullish investor could look at BRXX's 29.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), BRXX's low point in its 52 week range is $15.98 per share, with $22.27 as the 52 week high point — that compares with a last trade of $17.73. Brazil Infrastructure shares are currently trading down about 2.1% on the day.