In trading on Monday, shares of the iShares Asia 50 ETF (AIA) entered into oversold territory, changing hands as low as $48.23 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 Asia 50, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 64.5. A bullish investor could look at AIA's 29.4 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), AIA's low point in its 52 week range is $42.78 per share, with $51.37 as the 52 week high point — that compares with a last trade of $48.24. iShares Asia 50 shares are currently trading down about 1.5% on the day.