In trading on Monday, shares of the SPDR MSCI ACWI IMI ETF ( ACIM) entered into oversold territory, changing hands as low as $62.75 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 SPDR MSCI ACWI IMI, the RSI reading has hit 28.3 — by comparison, the RSI reading for the S&P 500 is currently 35.8. A bullish investor could look at ACIM's 28.3 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), ACIM's low point in its 52 week range is $57.18 per share, with $67.56 as the 52 week high point — that compares with a last trade of $62.76. SPDR MSCI ACWI IMI shares are currently trading down about 0.7% on the day.