In the case of Pacer Data & Infrastructure Real Estate, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 54.3. A bullish investor could look at SRVR's 29.6 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), SRVR's low point in its 52 week range is $28.445 per share, with $35.81 as the 52 week high point — that compares with a last trade of $30.86. Pacer Data & Infrastructure Real Estate shares are currently trading off about 0.6% on the day.

Find out what 9 other oversold stocks you need to know about »

Further SRVR Research:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.