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These tech stocks were extremely 'overbought' ahead of the massive sell-off

A view of Nasdaq in Times Square hours ahead of the implementation of 'New York State on PAUSE' executive order as the coronavirus continues to spread across the United States on March 22, 2020 in New York City.
Noam Galai | Getty Images

(This story is for CNBC Pro subscribers only). 

Thursday's sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector particularly hard. Technical factors showed that some of those stocks were due for a pullback, according to Bespoke Investment Group.

The tech-heavy Nasdaq Composite, which had risen more than 30% so far in 2020, sank nearly 5%. Several major tech stocks were in Bespoke's list of the top-40 most overbought stocks as of Monday, including the most stretched out name on the list. 

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