The technology stock sector has started the year off with a bang, outperforming the broader market after lagging last year. And David Seaburg, head of equity sales trading at Cowen & Co., thinks the strong performance can continue.

"We're definitely seeing money flow into the tech space overall," he tells CNBC. "Tech could actually start to lead a little bit here, and we're seeing that early on."

The S&P 500 Information Technology Index has gained 0.86 percent so far in 2014, compared with a 0.07 percent decline for the Standard & Poor's 500 Index.

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"More than in any other sector, technology has generated really solid news flow this year," Seaburg argues, mentioning wearable technology developments and mergers and acquisitions as examples. "That could propel investors into tech stocks."

Hedge funds in particular could turn into tech stock buyers, he notes. The funds avoided the sector as it underperformed last year, gravitating to sectors such as healthcare and financials instead.

"Overall hedge fund tech exposure, as measured by the long/short ratio, is the lowest it has been since January 2009," Seaburg adds. "I think we will start to see money rotating out of healthcare into tech."

Wall Street analysts have strong earnings forecasts for the tech sector. Analysts expect the tech companies in the S&P 500 Index to post a profit gain of approximately 10 percent this year, after an expected slim gain of 1.9 percent last year, according to FactSet, USA Today reports.

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