In trading on Monday, shares of the EGShares FTSE Beyond BRICs ETF ( BBRC) entered into oversold territory, changing hands as low as $19.3501 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 EGShares FTSE Beyond BRICs, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 48.2. A bullish investor could look at BBRC'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), BBRC's low point in its 52 week range is $18.38 per share, with $23.55 as the 52 week high point — that compares with a last trade of $19.35. EGShares FTSE Beyond BRICs shares are currently trading off about 0.3% on the day.