In trading on Wednesday, shares of the iShares Government/Credit Bond ETF (GBF) entered into oversold territory, changing hands as low as $113.23 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 Government/Credit Bond, the RSI reading has hit 26.4 — by comparison, the RSI reading for the S&P 500 is currently 42.2. A bullish investor could look at GBF's 26.4 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), GBF's low point in its 52 week range is $111.44 per share, with $117.07 as the 52 week high point — that compares with a last trade of $113.23. iShares Government/Credit Bond shares are currently trading down about 0.5% on the day.