In trading on Monday, shares of the WisdomTree United Kingdom Hedged Equity Fund ETF ( DXPS) entered into oversold territory, changing hands as low as $24.811 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 WisdomTree United Kingdom Hedged Equity Fund, the RSI reading has hit 28.8 — by comparison, the RSI reading for the S&P 500 is currently 43.9. A bullish investor could look at DXPS's 28.8 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), DXPS's low point in its 52 week range is $23.47 per share, with $28.06 as the 52 week high point — that compares with a last trade of $24.81. WisdomTree United Kingdom Hedged Equity Fund shares are currently trading down about 3.4% on the day.