In trading on Wednesday, shares of the iShares 0-5 Year TIPS Bond ETF (STIP) entered into oversold territory, changing hands as low as $100.62 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 iShares 0-5 Year TIPS Bond, the RSI reading has hit 26.6 — by comparison, the RSI reading for the S&P 500 is currently 65.2. A bullish investor could look at STIP's 26.6 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), STIP's low point in its 52 week range is $100.62 per share, with $104.08 as the 52 week high point — that compares with a last trade of $100.62. iShares 0-5 Year TIPS Bond shares are currently trading off about 0.4% on the day.