In trading on Friday, shares of the Daily 7-10 Year Treasury Bear 3x Shares ETF (TYO) entered into oversold territory, changing hands as low as $20.22 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 Daily 7-10 Year Treasury Bear 3x Shares, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 50.9. A bullish investor could look at TYO's 29.6 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), TYO's low point in its 52 week range is $20.22 per share, with $27.50 as the 52 week high point — that compares with a last trade of $20.40. Daily 7-10 Year Treasury Bear 3x Shares shares are currently trading off about 1.2% on the day.