In trading on Friday, shares of the iShares Core Moderate Allocation ETF ( AOM) entered into oversold territory, changing hands as low as $35.0106 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 Core Moderate Allocation, the RSI reading has hit 28.5 — by comparison, the RSI reading for the S&P 500 is currently 55.9. A bullish investor could look at AOM'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), AOM's low point in its 52 week range is $32.51 per share, with $36.32 as the 52 week high point — that compares with a last trade of $35.06. iShares Core Moderate Allocation shares are currently trading off about 0.2% on the day.