In trading on Friday, shares of the WisdomTree U.S. SmallCap Dividend Growth Fund ETF ( DGRS) entered into oversold territory, changing hands as low as $26.986 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 WisdomTree U.S. SmallCap Dividend Growth Fund, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 33.6. A bullish investor could look at DGRS's 29.9 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), DGRS's low point in its 52 week range is $24.45 per share, with $31.92 as the 52 week high point — that compares with a last trade of $27.01. WisdomTree U.S. SmallCap Dividend Growth Fund shares are currently trading off about 0.5% on the day.