Usually means: Prices fluctuate within a defined limit.
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We found 3 dictionaries that define the word rangebound:

General (3 matching dictionaries)
  1. rangebound: Oxford Learner's Dictionaries
  2. rangebound: Wiktionary
  3. Rangebound, rangebound: Wordnik

Definitions from Wiktionary (rangebound)

adjective:  (finance, of stocks and shares) Having a price constrained to lie between certain upper and lower limits.

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