In trading on Monday, shares of the iShares Interest Rate Hedged Corporate Bond ETF ( LQDH) entered into oversold territory, changing hands as low as $94.7701 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 Interest Rate Hedged Corporate Bond, the RSI reading has hit 28.5 — by comparison, the RSI reading for the S&P 500 is currently 48.2. A bullish investor could look at LQDH's 28.5 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), LQDH's low point in its 52 week range is $94.7701 per share, with $100.53 as the 52 week high point — that compares with a last trade of $94.78. iShares Interest Rate Hedged Corporate Bond shares are currently trading down about 0.8% on the day.