It has been several months since the last edition of Mendoza Line ETFs, but with the baseball playoffs drawing near, now is as good of a time as any to use baseball analogies with ETFs. For those that are only casual fans of baseball history, "Mendoza Line" refers to a batter whose average is below .200. That easily translates to the financial markets as the 200-day moving average is viewed as critical by technical analysts. Here it is the 200-day simple moving average that is being used. The highlighted ETFs are all within 20 percent or less of that moving average. That criteria was used in an effort to find those funds that stand a reasonable chance of reclaiming the 200-day line in the near-term. Without further ado, here are five ETFs that could move above the 200-day moving average in the coming weeks.

The epitome of a cyclical play, the Market Vectors Steel ETF was in rally mode prior to last week's quantitative easing announcement. That was enough to send the ETF above its 200-day line, but the subsequent pullback has SLX living the Mendoza Line dream. In other words, the ETF is just 3.2 percent below its 200-day moving average. Given the high-beta nature of steel stocks, SLX could make up that gap in just two or three trading days. Critical to the ETF's fortunes is that it finds support at $46 if the pullback continues. That would indicate old resistance has turned to new support, a bullish sign.