In trading on Tuesday, shares of the iShares MSCI Russia Capped ETF ( ERUS) entered into oversold territory, changing hands as low as $14.20 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 MSCI Russia Capped, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 75.3. A bullish investor could look at ERUS'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), ERUS's low point in its 52 week range is $14.20 per share, with $21.92 as the 52 week high point — that compares with a last trade of $14.22. iShares MSCI Russia Capped shares are currently trading off about 5.4% on the day.